TEANECK, N.J. (AP) — TEANECK, N.J. (AP) — Phibro Animal Health Corp. (PAHC) on Wednesday reported fiscal first-quarter profit of $7 million.
The Teaneck, New Jersey-based company said it had net income of 17 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, were 35 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.
The maker of animal health products and nutritional supplements posted revenue of $260.4 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $277.8 million.
Phibro expects full-year revenue in the range of $1.05 billion to $1.1 billion.
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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 PAHC at https://www.zacks.com/ap/PAHC
