PetIQ reports 4Q loss

Associated Press |

EAGLE, Idaho (AP) _ PetIQ Inc. (PETQ) on Tuesday reported a loss of $3.3 million in its fourth quarter.

On a per-share basis, the Eagle, Idaho-based company said it had a loss of 25 cents. Earnings, adjusted for pretax expenses and costs related to mergers and acquisitions, were 21 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.



The pet medications and products maker posted revenue of $51.9 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $51.6 million.

PetIQ expects full-year revenue in the range of $450 million to $500 million.

PetIQ shares have increased slightly more than 4 percent since the beginning of the year.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PETQ at https://www.zacks.com/ap/PETQ

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