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Lancaster Colony Q4 Results Miss Estimates

RTTNews | vor 370 Tagen

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

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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.

RTTNews | vor 846 Tagen

Malaysia Bourse May Add To Its Winnings On Thursday

Malaysia Bourse May Add To Its Winnings On Thursday

The Malaysia stock market rebounded on Wednesday, one day after ending the three-day winning streak in which it had collected almost 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,585-point plateau and it's expected to open in the green again on Thursday.

RTTNews | vor 32 Minuten

Higher Open Called For Japan Stock Market

Higher Open Called For Japan Stock Market

The Japan stock market bounced higher again on Wednesday, one session after ending the two-day winning streak in which it had advanced almost 200 points or 0.5 percent. The Nikkei 225 now rests just above the 42,520-point plateau and it's expected to open to the upside again on Thursday.

RTTNews | vor 47 Minuten

KOSPI May Reclaim 3,200-Point Level

KOSPI May Reclaim 3,200-Point Level

The South Korea stock market bounced higher again on Wednesday, one day after ending the three-day winning streak in which it had improved almost 80 points or 2.6 percent. The KOSPI now sits just shy of the 3,190-point plateau and it may tick higher again on Thursday.

RTTNews | vor 1Std 2 Minuten

Korea Interest Rate Decision Due On Thursday

Korea Interest Rate Decision Due On Thursday

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RTTNews | vor 2Std 2 Minuten

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.

RTTNews | vor 3Std 30 Minuten

European Stocks Close On Mixed Note

European Stocks Close On Mixed Note

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.

RTTNews | vor 7Std 7 Minuten

Euro Falls Amid Political Uncertainty

Euro Falls Amid Political Uncertainty

The euro weakened against other major currencies in the European session on Wednesday, as trader's concern about the collapse of France's government.

RTTNews | vor 11Std 23 Minuten

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