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.
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
Keywords: Cott, Earnings Report