GrowGeneration: Q1 Earnings Snapshot

·1 min read

DENVER (AP) _ GrowGeneration Corp. (GRWG) on Wednesday reported first-quarter net income of $6.1 million.

The Denver-based company said it had net income of 10 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.

The company posted revenue of $90 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $86 million.

GrowGeneration expects full-year revenue in the range of $450 million to $470 million.

GrowGeneration shares have climbed slightly more than 1% since the beginning of the year. The stock has climbed sixfold 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 GRWG at https://www.zacks.com/ap/GRWG

The Associated Press

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