WALNUT CREEK, Calif. (AP) — WALNUT CREEK, Calif. (AP) — Central Garden & Pet Co. (CENT) on Wednesday reported fiscal first-quarter net income of $430,000, after reporting a loss in the same period a year earlier.
On a per-share basis, the Walnut Creek, California-based company said it had profit of 1 cent.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.
The maker of products for the pet supply and lawn and garden markets posted revenue of $634.5 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $620.1 million.
Central Garden expects full-year earnings to be $2.50 per share.
Central Garden shares have dropped almost 7% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $46.78, an increase of slightly more than 8% 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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