Prestige Brands: Fiscal 2Q Earnings Snapshot

TARRYTOWN, N.Y. (AP) _ Prestige Brands Holdings Inc. (PBH) on Thursday reported fiscal second-quarter profit of $30.8 million.

The Tarrytown, New York-based company said it had net income of 59 cents per share. Earnings, adjusted for one-time gains and costs, came to 65 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.

The medicine distributor posted revenue of $239.4 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $238.6 million.

Prestige Brands expects full-year earnings in the range of $2.84 to $2.92 per share, with revenue in the range of $985 million to $995 million.

Prestige Brands shares have dropped 18 percent since the beginning of the year. The stock has decreased 23 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PBH at https://www.zacks.com/ap/PBH