Prestige Brand Holdings (PBH) Shares Fall 15%

Shares of Prestige Brand Holdings, Inc. PBH were trading down more than 15% at $8.34 per share during the Thursday morning trading session. Prestige Brand Holdings, Inc. closed the previous trading day at $9.89 per share and has a 52 week trading range of $5.40 to $9.99 per share. Prestige Brand Holdings, Inc. announced on Thursday before the market opened that it failed to meet consensus Wall Street estimates. Prestige Brand Holdings, Inc. reported fiscal 4th quarter adjusted earnings of 15 cents per share. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 21 cents per share. Although revenue climbed to $71.4 million, up from $68.6 million a year earkier, it missed the consensus Wall Street target of $73.4 million.