FONT-SIZE Plus   Neg

B&G Foods Q1 Profit Rises

B&G Foods, Inc. (BGS) reported first-quarter net income of $16.78 million or $0.35 per share, compared to $13.31 million or $0.27 per share in the year-ago quarter.

On average, four analysts polled by Thomson Reuters expected the company to earn $0.35 per share. Analysts' estimates typically exclude special items.

Net sales for the first quarter increased to $157.34 million from $131.41 million in the comparable quarter last year, while three analysts expected revenue of $159.30 million for the quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Large U.S. companies are holding trillions of dollars overseas in an effort to avoid U.S. taxes, with big-name firms like Apple (AAPL), Pfizer (PFE) and PepsiCo (PEP) named as notable examples. This is the claim made by a pair of non-profit groups, who released a study based on the firms' financial statements. Software maker Adobe Systems Inc. (ADBE) Tuesday detailed an outlook for the full year 2016 indicated to miss Wall Street estimates, sending its shares down 8 percent in after-hours trading. Adobe expects full-year 2016 revenues of about $5.7 billion and an adjusted earnings of $2.70 per share. Analysts... Enterprise software maker Adobe (ADBE) provided updated guidance on Tuesday, predicting strong growth over the next three years by giving 2016 projections that are below what market analysts are currently expecting.
comments powered by Disqus
Follow RTT