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Cott Q1 Profit Drops - Quick Facts

Cott Corp. (COT: Quote, BCB.TO) posted first-quarter net income attributed to the company of $5.9 million or $0.06 per share versus $6.8 million or $0.07 per share last year.

Quarterly revenues declined to $523.8 million from $534.1 million in the prior year.

Analysts polled by Thomson Reuters expected the company to earn $0.02 per share on revenues of $541.80 million for the quarter. Analysts' estimates typically exclude special items.

The company also announced its plans to commence a share repurchase program for up to $35 million in common shares over a 12 month period.

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by RTT Staff Writer

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