05:10 AM EDT, 05/15/2024 (MT Newswires) -- (Updates with the recent stock movement in the headline and first paragraph.)

Prestige Consumer Healthcare's ( PBH ) shares fell more than 7% in Wednesday's premarket activity after the company reported a surprise drop in fiscal Q4 earnings and sales.

The company reported fiscal Q4 adjusted earnings late Tuesday of $1.02, down from $1.07 a year earlier.

Analysts surveyed by Capital IQ expected $1.14.

Revenue in the quarter ended March 31 fell to $277 million from $285.9 million a year earlier.

Analysts polled by Capital IQ expected $287.4 million.

The company expects fiscal year 2025 diluted earnings of $4.40 to $4.46 on revenue of $1.13 billion to $1.14 billion. Analysts surveyed by Capital IQ expect EPS of $4.64 on revenue of $1.16 billion.

The company's board authorized a new $300 million share buyback program.

Price: 66.00, Change: -5.47, Percent Change: -7.65