SALT LAKE CITY (AP) — SALT LAKE CITY (AP) — Traeger Inc. (COOK) on Monday reported first-quarter net income of $2.9 million.
The Salt Lake City-based company said it had profit of $1.08 per share. Earnings, adjusted for one-time gains and costs, were $1.49 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $2.70 per share.
The barbecue grill maker posted revenue of $94.1 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $94.6 million.
Traeger expects full-year revenue in the range of $465 million to $485 million.
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