Prestige Brands Q4 Profit Down, But Beats View - Quick Facts

(RTTNews) - Prestige Brands Holdings (PBH) Thursday reported lower earnings for the fourth quarter of fiscal 2014, reflecting decline in revenues.

The company's net income dropped 17.3 percent to $16.0 million or $0.30 per share from $19.3 million or $0.37 per share in the prior-year period.

Excluding costs related to acquisitions and financing-related items, earnings amounted to $0.35 per share. On average, 5 analysts polled by Thomson Reuters expected earnings per share of $0.33 for the quarter .Analysts'estimates typically exclude one-time items.

Net revenues for the quarter was down 6.6 percent to $144.3 million from last year's $154.5 million. Analysts estimated revenues of $147.58 million for the quarter.

Looking ahead, for fiscal 2015, the firm projects adjusted earnings per share in the range of $1.75 - $1.85, on revenue growth in the range of 15 percent - 18 percent. Analysts estimate earnings of $1.75 per share on revenues of $671.28 million.