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Freshpet meets 4Q profit forecasts

SECAUCUS, N.J. (AP) _ Freshpet Inc. (FRPT) on Thursday reported fourth-quarter earnings of $1.2 million.

On a per-share basis, the Secaucus, New Jersey-based company said it had profit of 4 cents.

The results matched Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 4 cents per share.

The seller of refrigerated fresh pet food posted revenue of $34.1 million in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $34.3 million.

For the year, the company reported that its loss narrowed to $3.2 million, or 9 cents per share. Revenue was reported as $133.1 million.

Freshpet shares have dropped 3 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.85, a rise of 40 percent 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


Keywords: Freshpet, Earnings Report