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Freshpet misses Street 4Q forecasts

SECAUCUS, N.J. (AP) _ Freshpet Inc. (FRPT) on Monday reported fourth-quarter net income of $1.5 million.

On a per-share basis, the Secaucus, New Jersey-based company said it had profit of 4 cents.

The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

The seller of refrigerated fresh pet food posted revenue of $40.7 million in the period, also missing Street forecasts. Six analysts surveyed by Zacks expected $41 million.

For the year, the company reported that its loss widened to $4.3 million, or 12 cents per share. Revenue was reported as $156.4 million.

Freshpet shares have increased nearly 9 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $20.58, more than doubling in the last 12 months.

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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 FRPT at https://www.zacks.com/ap/FRPT