AUSTIN, Texas (AP) _ Amplify Snack Brands Inc. (BETR) on Tuesday reported third-quarter profit of $674,000.
The Austin, Texas-based company said it had profit of 1 cent per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 7 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 9 cents per share.
The popcorn and tortilla chip maker posted revenue of $94.9 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $98.7 million.
Amplify expects full-year earnings in the range of 25 cents to 27 cents per share, with revenue in the range of $375 million to $379 million.
Amplify shares have fallen 32 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $5.98, a decrease of 58 percent in the last 12 months.