WALNUT CREEK, Calif. (AP) — WALNUT CREEK, Calif. (AP) — Central Garden & Pet Co. (CENT) on Wednesday reported fiscal first-quarter earnings of $14 million.
On a per-share basis, the Walnut Creek, California-based company said it had profit of 21 cents.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The maker of products for the pet supply and lawn and garden markets posted revenue of $656.4 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $630.3 million.
Central Garden expects full-year earnings to be $2.20 per share.
Central Garden shares have dropped 4.5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $37.07, declining slightly 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 CENT at https://www.zacks.com/ap/CENT
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