BERKELEY, Calif. (AP) — BERKELEY, Calif. (AP) — Once Upon A Farm PBC (OFRM) on Thursday reported a loss of $5 million in its second quarter.
The Berkeley, California-based company said it had a loss of 12 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.
The children’s food company posted revenue of $85.4 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $77.3 million.
Once Upon A Farm expects full-year revenue in the range of $327 million to $335 million.
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