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Lancaster Colony Q4 Results Miss Estimates

RTTNews | 370 dias atrás

Lancaster Colony Q4 Results Miss Estimates

(RTTNews) - Food company Lancaster Colony Corp. (LANC) reported on Thursday that net income for the fourth quarter soared to $34.83 million or $1.26 per share from $9.17 million or $0.33 per share in the year-ago quarter.

Net sales for the quarter edged down 0.4 percent to $452.83 million from $454.66 million for the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.40 per share on revenues of $463.11 million for the quarter. Analysts' estimates typically exclude special items.

"Looking ahead to fiscal 2025, we anticipate Retail segment sales will continue to benefit from volume growth led by our licensing program, including increased sales from the new products, flavors and sizes we introduced in fiscal 2024," said CEO David Ciesinski.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Marcadores : LANC

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Lancaster Colony Swings To Profit In Q3

Lancaster Colony Swings To Profit In Q3

Food company Lancaster Colony Corp. (LANC) on Thursday reported net income for the third quarter of $24.56 million or $0.85 per share, compared to a net loss of $4.48 million or $0.17 per share in the year-ago quarter.

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Malaysia Bourse May Add To Its Winnings On Thursday

Malaysia Bourse May Add To Its Winnings On Thursday

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The Bank of Korea will wrap up its monetary policy meeting this morning and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The BoK is expected to keep its benchmark lending rate unchanged at 2.50 percent.

RTTNews | 2h 2min atrás

Swiss Franc Advances Against Majors

Swiss Franc Advances Against Majors

The Swiss franc climbed against its major counterparts in the New York session on Wednesday.

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European Stocks Close On Mixed Note

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European stocks turned in a mixed performance on Wednesday as investors largely stayed cautious, looking ahead to chipmaker Nvidia's quarterly earnings announcement, and continuing to assess the political situation in France.

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Euro Falls Amid Political Uncertainty

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