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SunOpta Swings to Q1 Profit, Revenue Flat

05/12/2021 03:55

07:40 AM EDT, 05/12/2021 (MT Newswires) -- SunOpta (STKL) on Wednesday swung to fiscal Q1 adjusted earnings of $0.01 per share from an adjusted loss of $0.06 per share a year earlier. Two analysts polled by Capital IQ projected an adjusted loss of $0.01 per share.

Revenue was $207.6 million for the quarter ended April 3, unchanged from a year earlier. The Street forecast was $208.9 million.

Shares of the company were down more than 2% ahead of Wednesday's market open.

Price: 10.95, Change: -0.27, Percent Change: -2.41