WALNUT CREEK, Calif. (AP) — WALNUT CREEK, Calif. (AP) — Central Garden & Pet Co. (CENT) on Monday reported a fiscal fourth-quarter loss of $34.2 million, after reporting a profit in the same period a year earlier.
The Walnut Creek, California-based company said it had a loss of 51 cents per share. Losses, adjusted for one-time gains and costs, came to 18 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share.
The maker of products for the pet supply and lawn and garden markets posted revenue of $669.5 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $723.8 million.
For the year, the company reported profit of $108 million, or $1.62 per share. Revenue was reported as $3.2 billion.
Central Garden expects full-year earnings to be $2.20 per share.
Central Garden shares have decreased 3% since the beginning of the year. In the final minutes of trading on Monday, shares hit $38.81, a climb of 21% 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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