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PetIQ: 2Q Earnings Snapshot

EAGLE, Idaho (AP) _ PetIQ Inc. (PETQ) on Tuesday reported second-quarter earnings of $2.5 million.

The Eagle, Idaho-based company said it had net income of 16 cents per share. Earnings, adjusted for non-recurring costs, came to 66 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.

The pet medications and products maker posted revenue of $171.1 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $148.5 million.

PetIQ expects full-year revenue of $500 million.

PetIQ shares have risen 29 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $28.28, a climb of 24 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 PETQ at https://www.zacks.com/ap/PETQ