FX.co ★ Farmer Brothers Co. Bottom Line Declines In Q2

Farmer Brothers Co. (FARM) announced a decline in its second-quarter profit compared to the previous year. The company's net income amounted to $0.21 million, or $0.01 per share, which is a decrease from $2.70 million, or $0.13 per share, recorded in the same period last year.

However, the company's revenue saw a slight increase of 0.6%, reaching $90.02 million, up from $89.45 million in the prior year.

In summary, based on Generally Accepted Accounting Principles (GAAP), Farmer Brothers Co. reported:

- Net Earnings: $0.21 million, compared to $2.70 million the previous year.

- Earnings per Share (EPS): $0.01, compared to $0.13 the previous year.

- Total Revenue: $90.02 million, compared to $89.45 million the previous year.