BEDMINSTER, N.J. (AP) — BEDMINSTER, N.J. (AP) — Freshpet Inc. (FRPT) on Wednesday reported first-quarter net income of $48.5 million.
On a per-share basis, the Bedminster, New Jersey-based company said it had net income of 91 cents. Earnings, adjusted for non-recurring gains, came to 4 cents per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The seller of refrigerated fresh pet food posted revenue of $297.6 million in the period, which beat Street forecasts. Seven analysts surveyed by Zacks expected $291 million.
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