Freshpet: 2Q Earnings Snapshot
Posted Aug 3, 2020 05:53:53 PM.
Last Updated Aug 3, 2020 06:10:52 PM.
This article is more than 5 years old.
SECAUCUS, N.J. (AP) _ Freshpet Inc. (FRPT) on Monday reported second-quarter net income of $153,000, after reporting a loss in the same period a year earlier.
On a per-share basis, the Secaucus, New Jersey-based company said it had profit of less than 1 cent.
The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.
The seller of refrigerated fresh pet food posted revenue of $80 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $77.2 million.
Freshpet shares have climbed 71% since the beginning of the year. In the final minutes of trading on Monday, shares hit $100.77, more than doubling in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FRPT at https://www.zacks.com/ap/FRPT
The Associated Press
