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DavidsTea: Fiscal 4Q Earnings Snapshot

DavidsTea: Fiscal 4Q Earnings Snapshot

Associated Press

MONTREAL (AP) _ DavidsTea Inc. (DTEA) on Thursday reported a loss of $10 million in its fiscal fourth quarter.

The Montreal-based company said it had a loss of 38 cents per share. Earnings, adjusted for non-recurring costs, were 19 cents per share.

The beverage company posted revenue of $62.5 million in the period.

For the year, the company reported that its loss widened to $25.2 million, or 97 cents per share. Revenue was reported as $160 million.

The company's shares closed at $1.36. A year ago, they were trading at $3.65.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DTEA at https://www.zacks.com/ap/DTEA