Lancaster Colony Corporation (LANC) Thursday released the financial results for the fourth quarter and full year ended June 30, 2012 reporting a slight decline in net profit for the fourth quarter despite rise in total revenues, as year ago results included a pretax CDSOA distribution of $13.4 million.
The diversified manufacturer and marketer of consumer products reported net income for the fourth quarter of $25.95 million, or $0.95 per diluted share, slightly down from net income of $29.29 million, or $1.07 per diluted share, reported for the corresponding period last year.
On average, 5 analysts polled by Thomson Reuters expected earnings per share of $0.79 for the quarter. Analysts' estimates typically exclude special items.
Net sales for the fourth quarter increased seven percent to $273.96 million from $256.03 million reported in the corresponding quarter in the previous year. Analysts expected revenues of $263.07 million for the quarter.
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