LOS ANGELES (AP) — LOS ANGELES (AP) — Honest Co. (HNST) on Wednesday reported a loss of $42,000 in its first quarter.
The Los Angeles-based company said it had a loss of less than 1 cent on a per-share basis. Earnings, adjusted for restructuring costs, came to 1 cent per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 1 cent per share.
The consumer products company posted revenue of $78.1 million in the period, beating Street forecasts. Five analysts surveyed by Zacks expected $76.4 million.
Honest expects full-year revenue in the range of $306 million to $312 million.
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