Prestige Brands (PBH) Returns To Profits

Prestige Brands PBH, the marketer of several consumer products and drugs, returned to profits in 4Q with a net income of $3.3 million. This translates to 7 cents per share compared to a loss of $211.1 million or $4.22 per share last year. Earnings were 15 cents, excluding impairment charges. Thomson Reuters’ analyst poll had predicted a net income of 21 cents a share. Revenues were driven by over-the-counter sales and household cleaning products. The company also benefited from lower expenses. Prestige’s annual profit stood at $32.1 million and revenues fell marginally to $302 million.