Prestige Brands: Fiscal Q1 Earnings Snapshot

TARYTOWN, NY (AP) _ Prestige Brands Holdings Inc. (PBH) on Thursday reported net income of $55.3 million for the first quarter of the fiscal year.

The New York-based company Tarrytown said it had net income of $1.09 per share.

The results exceeded Wall Street’s expectations. Four analysts surveyed by Zacks Investment Research had an average estimate for earnings of $1.03 per share.

The drug distributor posted revenue of $277.1 million in the period, beating even Street forecasts. The three analysts polled by Zacks expected $268.2 million.

Prestige Brands expects full-year earnings of $4.18 to $4.23 per share, with revenue between $1.12 billion and $1.13 billion.

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