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PetIQ: 4Q Earnings Snapshot

EAGLE, Idaho (AP) _ PetIQ Inc. (PETQ) on Monday reported a loss of $3.5 million in its fourth quarter.

On a per-share basis, the Eagle, Idaho-based company said it had a loss of 16 cents. Earnings, adjusted for non-recurring costs, came to 6 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.

The pet medications and products maker posted revenue of $111 million in the period, surpassing Street forecasts. Five analysts surveyed by Zacks expected $98.7 million.

For the year, the company reported that its loss narrowed to $782,000, or 5 cents per share. Revenue was reported as $528.6 million.

PetIQ expects full-year revenue of $600 million.

PetIQ shares have increased 13 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $26.59, a climb of 17 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