ST. LOUIS (AP) — Post Holdings Inc. (POST) on Thursday reported fiscal fourth-quarter net income of $57 million, after reporting a loss in the same period a year earlier.
The St. Louis-based company said it had net income of 83 cents per share. Earnings, adjusted for one-time gains and costs, came to 58 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.
The cereal maker posted revenue of $1.41 billion in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $1.44 billion.
For the year, the company reported profit of $800,000, or 1 cent per share. Revenue was reported as $5.7 billion.
Post Holdings shares have fallen 11% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $96.70, a fall of 8.5% in the last 12 months.