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Cott reports 1st-quarter loss but tops expectations

MISSISSAUGA, Ont. – MISSISSAUGA, Ontario (AP) _ Cott Corp. (COT) on Thursday reported a loss of $1.9 million in its first quarter.

The Mississauga, Ontario-based company said it had a loss of 3 cents per share. Earnings, adjusted for non-recurring costs, came to 2 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.

The maker of soft drinks, juices, teas, flavoured water and energy drinks posted revenue of $698.4 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $691 million.

Cott shares have climbed 22 per cent since the beginning of the year. The stock has risen 45 per cent 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 COT at http://www.zacks.com/ap/COT

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Keywords: Cott, Earnings Report