PHOENIX – PHOENIX (AP) _ Inventure Foods Inc. (SNAK) on Thursday reported a fourth-quarter loss of $2.5 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Phoenix-based company said it had a loss of 13 cents. Losses, adjusted for non-recurring costs, were 8 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The snack maker posted revenue of $68.7 million in the period, also missing Street forecasts. Five analysts surveyed by Zacks expected $71.7 million.
For the year, the company reported a loss of $20.8 million, or $1.06 per share, swinging to a loss in the period. Revenue was reported as $282.6 million.
Inventure Foods shares have dropped 9 per cent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.45, a fall of 39 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 SNAK at http://www.zacks.com/ap/SNAK
Keywords: Inventure Foods, Earnings Report