SECAUCUS, N.J. (AP) _ Freshpet Inc. (FRPT) on Monday reported a loss of $10.9 million in its first quarter.
The Secaucus, New Jersey-based company said it had a loss of 26 cents per share.
The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The seller of refrigerated fresh pet food posted revenue of $93.4 million in the period, which also fell short of Street forecasts. Six analysts surveyed by Zacks expected $93.9 million.
Freshpet expects full-year revenue of $430 million.
Freshpet shares have increased 30% since the beginning of the year. In the final minutes of trading on Monday, shares hit $184, 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
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