DavidsTea: Fiscal Q4 Earnings Snapshot

MOUNT-ROYAL, Quebec (AP) _ DavidsTea Inc. (DTEA) on Friday reported fiscal fourth-quarter net income of $1 million, after reporting a loss in the same period a year earlier.

The Mount-Royal, Quebec-based company said it had profit of 4 cents per share. Earnings, adjusted for non-recurring costs, were 6 cents per share.

The beverage company posted revenue of $31.6 million in the period.

For the year, the company reported net income of $62.3 million, or $2.26 per share, swinging to a profit in the period. Revenue was reported as $83 million.

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