TAMPA, Fla. (AP) — TAMPA, Fla. (AP) — Primo Water Corporation (PRMW) on Thursday reported fourth-quarter net income of $177.6 million.

The Tampa, Florida-based company said it had net income of $1.11 per share. Earnings, adjusted for one-time gains and costs, were 12 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.

The maker of pure-play water solutions posted revenue of $438.7 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $582.9 million.

For the year, the company reported profit of $238.1 million, or $1.48 per share. Revenue was reported as $1.77 billion.

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