Primo Water Loss Widens; Stock Down

By RTT News,  March 19, 2013, 07:04:00 PM EDT


(RTTNews.com) - Primo Water Corp. ( PRMW ) Tuesday reported fourth-quarter net loss of $77 million or $3.24 per share, compared with net loss of $7 million or $0.30 per share last year.

On average, three analysts polled by Thomson Reuters estimated loss of $0.05 per share for the quarter. Analysts' estimates typically exclude special items.

Results for the latest quarter included goodwill impairment charges of $70.5 million.

Sales for the quarter fell to $20.9 million from $21.1 million last year. Analysts on consensus estimated sales of $24.77 million.

Looking ahead, the company expects sales of $20.4 million to $20.8 million for the first quarter, and $93.3 million to $95.2 million million for fiscal year 2013.

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This article appears in: News Headlines

Referenced Stocks: PRMW, TRI



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