TEANECK, N.J. (AP) — TEANECK, N.J. (AP) — Phibro Animal Health Corp. (PAHC) on Wednesday reported fiscal fourth-quarter profit of $17.2 million.
On a per-share basis, the Teaneck, New Jersey-based company said it had profit of 42 cents. Earnings, adjusted for one-time gains and costs, were 57 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.
The maker of animal health products and nutritional supplements posted revenue of $378.7 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $361.2 million.
For the year, the company reported profit of $48.3 million, or $1.19 per share. Revenue was reported as $1.3 billion.
Phibro expects full-year earnings in the range of $2.52 to $2.70 per share, with revenue in the range of $1.43 billion to $1.48 billion.
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