SECAUCUS, N.J. (AP) _ Freshpet Inc. (FRPT) on Monday reported a loss of $3.4 million in its first quarter.
On a per-share basis, the Secaucus, New Jersey-based company said it had a loss of 10 cents.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.
The seller of refrigerated fresh pet food posted revenue of $54.8 million in the period, surpassing Street forecasts. Five analysts surveyed by Zacks expected $53.9 million.
Freshpet shares have climbed 43% since the beginning of the year. In the final minutes of trading on Monday, shares hit $45.92, more than doubling in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FRPT at https://www.zacks.com/ap/FRPT