LOS ANGELES (AP) — LOS ANGELES (AP) — Honest Co. (HNST) on Wednesday reported a loss of $23.6 million in its fourth quarter.
On a per-share basis, the Los Angeles-based company said it had a loss of 21 cents. Earnings, adjusted for restructuring costs, came to less than 1 cent on a per-share basis.
The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.
The consumer products company posted revenue of $88 million in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $89.3 million.
For the year, the company reported a loss of $15.7 million, or 14 cents per share. Revenue was reported as $371.3 million.
Honest expects full-year revenue in the range of $306 million to $312 million.
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