04:33 PM EDT, 06/06/2024 (MT Newswires) -- Duckhorn Portfolio ( NAPA ) reported fiscal Q3 adjusted earnings Thursday of $0.14 per diluted share, down from $0.16 a year earlier.

Analysts polled by Capital IQ expected $0.15.

Net sales for the quarter ended April 30 were $92.5 million, up from $91.2 million a year earlier.

Analysts surveyed by Capital IQ expected $92.2 million.

The company said it now expects fiscal year 2024 adjusted earnings of $0.56 to $0.58 per diluted share, lower than its previous guidance of $0.63 to $0.65. Analysts surveyed by Capital IQ expect $0.60.

The company also revised its net sales guidance for the year to a range of $398 million to $408 million from $395 million to $411 million previously. Analysts in a Capital IQ poll are looking for $404.0 million.

Shares of the company were down 1.9% in after-hours activity.

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