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Traeger: Q1 Earnings Snapshot

SALT LAKE CITY (AP) — SALT LAKE CITY (AP) — Traeger Inc. (COOK) on Monday reported first-quarter net income of $2.9 million.

The Salt Lake City-based company said it had profit of $1.08 per share. Earnings, adjusted for one-time gains and costs, were $1.49 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $2.70 per share.

The barbecue grill maker posted revenue of $94.1 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $94.6 million.

Traeger expects full-year revenue in the range of $465 million to $485 million.

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This story was generated by (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a at https://www.zacks.com/ap/COOK

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