Performance Sports Group Q3 Results Top Estimates

(RTTNews) - Performance Sports Group Ltd. (PSG, PSG.TO) reported a net loss for the third quarter of $11.5 million or $0.26 per share, compared to a loss of $4.9 million or $0.14 per share for the year-ago quarter.

Excluding items, adjusted net Income for the third quarter was $6.2 million or $0.13 per share, compared to an adjusted loss of $4.2 million or $0.11 per share in the prior year quarter.

Revenues for the third quarter rose 121% to $137.7 million from $62.2 million in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to earn $0.10 per share revenue of $133.02 million for the third quarter. Analysts' estimates typically exclude special items.