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Central Garden: Fiscal Q2 Earnings Snapshot

WALNUT CREEK, Calif. (AP) _ Central Garden & Pet Co. (CENT) on Wednesday reported fiscal second-quarter earnings of $73 million. The Walnut Creek, California-based company said it had net income of $1...

صاحب‌خبر -

WALNUT CREEK, Calif. (AP) _ Central Garden & Pet Co. (CENT) on Wednesday reported fiscal second-quarter earnings of $73 million.

The Walnut Creek, California-based company said it had net income of $1.32 per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.

The maker of products for the pet supply and lawn and garden markets posted revenue of $935.3 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $874.8 million.

Central Garden expects full-year earnings to be $2.25 per share.

Central Garden shares have increased 50% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $57.84, an increase of 72% 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 CENT at https://www.zacks.com/ap/CENT

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