LOUISVILLE, Colo. (AP) _ Gaiam Inc. (GAIA) on Monday reported first-quarter net income of $358,000, after reporting a loss in the same period a year earlier.
The Louisville, Colorado-based company said it had net income of 2 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The lifestyle media company posted revenue of $18.9 million in the period.
Gaiam shares have climbed 17% since the beginning of the year. In the final minutes of trading on Monday, shares hit $11.52, a rise of 30% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GAIA at https://www.zacks.com/ap/GAIA
