UPDATE 1-Prestige Brands Q2 profit tops Street

Thu Nov 5, 2009 12:40pm GMT
 
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* Q2 EPS 0.20 vs est $0.18

* Q2 sales $84.2 mln vs est $84.5 mln

Nov 5 (Reuters) - Prestige Brands Holdings Inc's (PBH.N) quarterly profit beat Wall Street estimates, helped by better sales at its over-the-counter healthcare segment and lower expenses.

The company, which makes healthcare, personal care and household products, posted net income of $9.9 million, or 20 cents a share compared with $8.5 million, or 17 cents, in the second quarter last year.

Revenue from continuing operations fell 2 percent to $84.2 million.

The company earned 19 cents a share from continuing operations compared with 16 cents a year ago.

Analysts on average were looking for a profit of 18 cents a share, before items, on revenue of $84.5 million, according to Thomson Reuters I/B/E/S.

Operating expenses fell 8 percent to $23.1 million.

Shares of Irvington, New York-based Prestige Brands closed at $6.83 Wednesday on the New York Stock Exchange. (Reporting by Vidya Lakshmi in Bangalore; Editing by Jarshad Kakkrakandy)

 

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