Cott: 2Q Earnings Snapshot
MISSISSAUGA, Ontario (AP) _ Cott Corp. (COT) on Thursday reported second-quarter profit of $4.4 million.
On a per-share basis, the Mississauga, Ontario-based company said it had profit of 3 cents.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The maker of soft drinks, juices, teas, flavored water and energy drinks posted revenue of $604.1 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $604.4 million.
Cott shares have dropped 12% since the beginning of the year. The stock has dropped 21% in the last 12 months.