Party City: 1Q Earnings Snapshot

ELMSFORD, N.Y. (AP) _ Party City Holdco Inc. (PRTY) on Thursday reported a loss of $30.2 million in its first quarter.

On a per-share basis, the Elmsford, New York-based company said it had a loss of 32 cents. Earnings, adjusted for one-time gains and costs, were 1 cent per share.

The results matched Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 1 cent per share.

The party supplies retailer and wholesaler posted revenue of $513.1 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $519.9 million.

Party City expects full-year earnings in the range of $1.61 to $1.72 per share, with revenue in the range of $2.49 billion to $2.54 billion.

Party City shares have dropped 27% since the beginning of the year. The stock has fallen 51% 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 PRTY at https://www.zacks.com/ap/PRTY