SunOpta Announces Fourth Quarter Fiscal 2019 Financial Results
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SunOpta (STKL) Tops Q4 EPS by 3c, Revenues Miss
February 27, 2020 7:32 AM ESTSunOpta (NASDAQ: STKL) reported Q4 EPS of ($0.06), $0.03 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $295.8 million versus the consensus estimate of $302.81 million.
Fourth Quarter 2019 Highlights:
Revenues of $295.8 million for the fourth quarter of 2019, compared to $320.5 million in the fourth quarter of 2018, a decrease of 7.7%. Adjusted for disposed operations, foreign exchange, commodity prices, a new contract manufacturing arrangement and the acquisition of Sanmark, revenues grew 0.8% during the fourth quarter.Loss attributable to common shareholders of $7.6 million or $0.09 per common share in the fourth quarter of 2019, compared to... More