OneSpaWorld: Q1 Earnings Snapshot

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NASSAU, Bahamas (AP) _ OneSpaWorld Holdings Limited (OSW) on Wednesday reported a loss of $45.6 million in its first quarter.

The Nassau, Bahamas-based company said it had a loss of 52 cents per share. Losses, adjusted for non-recurring costs and stock option expense, were 17 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share.

The company posted revenue of $5.6 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $3.8 million.

OneSpaWorld shares have declined slightly since the beginning of the year. The stock has increased 70% 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 OSW at https://www.zacks.com/ap/OSW

The Associated Press