UPDATE: Primo Water Down 25% But Above New Year Low Hit Earlier On Q2 Result, Q3 and FY Guidance

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Primo Water ( PRMW ) dropped to a new year low of $0.96 earlier today, but it is currently down 25% at $1.09 on volume of 1.3 mln vs the 30-day avg of 263,441 after the company late yesterday said it expects a Q3 loss in the range of $0.04 - $0.02 per share, worse than the consensus of $0.03 EPS. Revenues are expected to be $26 mln - $28 mln, below the Street view of $34.01 mln.

For FY12, the company expects a loss in the range of $0.18 - $0.14 per share on revenues of $94 mln - $100 mln. Analysts are looking for a loss of $0.02 on revenues of $116.11 mln.

The company reported a Q2 loss of $0.03 per share, compared with $0.01 loss per share in the prior year period, and narrower than the Capital IQ consensus of $0.04 loss per share. Revenues were $24.96 mln, up 20.6% from $20.7 in the same quarter last year, and above the analyst estimate of $24.46 mln.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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