TEANECK, N.J. (AP) — TEANECK, N.J. (AP) — Phibro Animal Health Corp. (PAHC) on Wednesday reported fiscal first-quarter earnings of $26.5 million.
The Teaneck, New Jersey-based company said it had profit of 65 cents per share. Earnings, adjusted for non-recurring costs, were 73 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.
The maker of animal health products and nutritional supplements posted revenue of $363.9 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $354.7 million.
Phibro expects full-year earnings in the range of $2.64 to $2.81 per share, with revenue in the range of $1.43 billion to $1.48 billion.
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