MISSISSAUGA, Ontario (AP) _ SunOpta Inc. (STKL) on Tuesday reported a first-quarter loss of $10.2 million, after reporting a profit in the same period a year earlier.
The Mississauga, Ontario-based company said it had a loss of 12 cents per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to 3 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The natural and organic food company posted revenue of $352.3 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $349.2 million.
The company’s shares closed at $4.71. A year ago, they were trading at $10.04.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STKL at http://www.zacks.com/ap/STKL
Keywords: SunOpta, Earnings Report
By The Associated Press