DavidsTea (DTEA) reported earnings on Wed 7 June 2017 (a/h)

** charts after earnings **

 

• DavidsTea reports 1Q loss

MONTREAL (AP) _ DavidsTea Inc. (DTEA) on Wednesday reported a fiscal first-quarter loss of $270,000, after reporting a profit in the same period a year earlier.

On a per-share basis, the Montreal-based company said it had a loss of 1 cent. Losses, adjusted for non-recurring gains, were 3 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.

The beverage company posted revenue of $36.3 million in the period.

DavidsTea shares have fallen 10 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $6.15, a drop of 48 percent in the last 12 months.