ROSWELL, Ga. (AP) _ SiteOne Landscape Supply, Inc. (SITE) on Wednesday reported first-quarter net income of $7.4 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Roswell, Georgia-based company said it had net income of 16 cents.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 44 cents per share.
The company posted revenue of $650.2 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $534.2 million.
SiteOne Landscape shares have risen 17% since the beginning of the year. The stock has more than doubled 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 SITE at https://www.zacks.com/ap/SITE
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