LOS ANGELES (AP) — LOS ANGELES (AP) — Honest Co. (HNST) on Thursday reported a loss of $12.6 million in its fourth quarter.
On a per-share basis, the Los Angeles-based company said it had a loss of 14 cents. Losses, adjusted for non-recurring costs, were 8 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.
The consumer products company posted revenue of $81.9 million in the period, which beat Street forecasts. Five analysts surveyed by Zacks expected $80.2 million.
For the year, the company reported that its loss widened to $49 million, or 53 cents per share. Revenue was reported as $313.7 million.
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