Lancaster Colony Swings To Profit In Q3

RTTNews | hace 831
Lancaster Colony Swings To Profit In Q3

(RTTNews) - 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.

Net sales for the quarter rose 15.2 percent to a record $464.94 million from $403.50 million for the same quarter last year.

On average, three analysts polled by Thomson Reuters expected the company to report earnings of $0.93 per share on revenues of $443.07 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead, the company said consolidated net sales will compare to last year's fourth quarter that benefited from an estimated $25 million in incremental net sales attributed to advance customer orders ahead of our July 1 ERP go-live date for Wave 1.

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

read more
Lancaster Colony Q4 Results Miss Estimates

Lancaster Colony Q4 Results Miss Estimates

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.
RTTNews | hace 355
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Wednesday, reversing the gains in the previous two sessions, with the benchmark S&P/ASX 200 falling well below the 8,850 level, despite the broadly positive cues from Wall Street overnight, with weakness in energy and financial stocks partially offset by gains in mining and technology stocks.
RTTNews | hace 35 minutos
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, boosted by Hong Kong and Japanese markets amid improved outlook for interest rates after US consumer price inflation for July came in line with expectations. The U.S. and China also confirmed a 90-day extension of their trade truce. Asian markets closed mixed on Tuesday.
RTTNews | hace 46 minutos
Rebound Anticipated For Thai Stock Market

Rebound Anticipated For Thai Stock Market

Ahead of the long holiday weekend for Queen Sirikit's birthday, the Thai stock market had ended the four-day winning streak in which it had surged almost 50 points or 4.1 percent. The Stock Exchange of Thailand now sits just beneath the 1,260-point plateau although it's expected to bounce higher again on Wednesday.
RTTNews | hace 1h 54min
Japanese Market Sharply Higher

Japanese Market Sharply Higher

The Japanese stock market is sharply higher on Wednesday, extending the gains in the previous six sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving a tad above the 43,300 level to fresh record all-time highs, with gains across all sectors led by exporters and financial stocks.
RTTNews | hace 2h 12min
Indonesia Bourse May Test Resistance At 7,800 Points

Indonesia Bourse May Test Resistance At 7,800 Points

The Indonesia stock market has tracked higher in three straight sessions, improving more than 300 points or 4 percent along the way. The Jakarta Composite Index now sits just above the 7,790-point plateau and it may at least open higher again on Wednesday.
RTTNews | hace 2h 24min
Additional Support Called For Hong Kong Stock Market

Additional Support Called For Hong Kong Stock Market

The Hong Kong stock market has moved higher in back-to-back sessions, gathering more than 110 points or 0.4 percent along the way. The Hang Seng Index now rests just beneath the 24,970-point plateau and it's expected to open to the upside again on Wednesday.
RTTNews | hace 2h 39min