Prestige Brands beats by $0.01, reports revs in-line; guides FY19 EPS in-line, revs below consensus; authorized $50 mln common stock repurchase
Reports Q4 (Mar) earnings of $0.62 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus of $0.61; revenues rose 6.4% year/year to $256 mln vs the $255.61 mln Capital IQ Consensus.
Co issues guidancefor FY19, sees EPS of $2.96-3.04, excluding non-recurring items, vs. $3.03 Capital IQ Consensus Estimate; sees FY19 revs of $1.046-1.056 bln vs. $1.06 bln Capital IQ Consensus Estimate.
The Company's Board of Directors authorized the repurchase of up to $50.0 million of the Company's issued and outstanding common stock.
