WINSTON-SALEM, N.C. (AP) _ Primo Water Corp. (PRMW) on Monday reported second-quarter net income of $873,000.
On a per-share basis, the Winston-Salem, North Carolina-based company said it had profit of 2 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 8 cents per share.
The purified water provider posted revenue of $79.3 million in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $77.9 million.
For the current quarter ending in October, Primo Water said it expects revenue in the range of $84 million to $87 million.
The company expects full-year revenue in the range of $312 million to $320 million.
Primo Water shares have declined 4% since the beginning of the year. In the final minutes of trading on Monday, shares hit $13.43, a fall of 23% in the last 12 months.