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Farmer Bros Co Net Swing to Profit, PolarityTE Net Loss Widens

Author: Mukesh Buch
Last Update: 7:31 AM EDT September 12 2018

11:45 PM New York Farmer Bros Company fourth-quarter net swung to profit after revenues surged 12%. PolarityTE third-quarter net loss widened to $17.2 million.

Tollbooth Index increased 29.98 or 0.2% to 16,373.56 but for the year-to-date soared 19%.

Earnings Review

Farmer Bros Company (FARM), the coffee, tea, and culinary products retailer stated net sales in the fourth-quarter ending in June surged 11.7% from a year ago to $149.5 million.

Net in the quarter swung to profit $0.1 million profit or break even per diluted share from a loss of $1.8 million or 11 cents in the same quarter last year.

PolarityTE Inc (COOL), the biotechnology product maker said net loss in the third-quarter ending in July widened to $17.2 million or 86 cents per diluted share from $5.2 million or 93 cents in the same quarter last year.

WABCO Holdings Inc (WBC), the vehicles safety products provider lowered its fiscal earnings per share forecast after truck and bus production in China is expected to fall 30% and slow demand in Russia and Turkey.
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc