EAGLE, Idaho (AP) _ PetIQ Inc. (PETQ) on Wednesday reported first-quarter net income of $1.6 million, after reporting a loss in the same period a year earlier.
The Eagle, Idaho-based company said it had profit of 7 cents per share. Earnings, adjusted for non-recurring costs, came to 27 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The pet medications and products maker posted revenue of $148.4 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $139 million.
PetIQ expects full-year revenue of $600 million.
PetIQ shares have risen 19% since the beginning of the year. The stock has climbed 46% 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 PETQ at https://www.zacks.com/ap/PETQ