Primo: 2Q Earnings Snapshot

Associated Press
Updated ·1 min read

TAMPA, Fla. (AP) _ Primo Water Corporation (PRMW) on Thursday reported a second-quarter loss of $136 million, after reporting a profit in the same period a year earlier.

The Tampa, Florida-based company said it had a loss of 85 cents per share. Earnings, adjusted for one-time gains and costs, came to 8 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.

The maker of soft drinks, juices, teas, flavored water and energy drinks posted revenue of $456.8 million in the period.

For the current quarter ending in October, Primo said it expects revenue in the range of $480 million to $500 million.

Primo shares have increased nearly 7% since the beginning of the year. The stock has risen 17% 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 PRMW at https://www.zacks.com/ap/PRMW