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.
The Associated Press