NORTHLAKE, Texas (AP) _ Farmer Brothers Co. (FARM) on Thursday reported fiscal second-quarter net income of $7.8 million, after reporting a loss in the same period a year earlier.
The Northlake, Texas-based company said it had profit of 43 cents per share. Losses, adjusted for non-recurring gains, were 20 cents per share.
The coffee and tea company posted revenue of $152.5 million in the period.
Farmer Brothers shares have decreased 21% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $11.88, a decline of 51% in the last 12 months.