Lance Inc.'s (LNCE) third-quarter net income rose to $8.80 million or $0.27 per share from $6.81 million or $0.21 per share a year ago. On average, 5 analysts polled by Thomson Reuters expected earnings per share of $0.37 for the quarter. Analysts' estimate typically excludes one-time items.
Net revenue for the third quarter of 2009 increased to $234.90 million from $225.59 million in the 2008 period. Four analysts estimated revenues of $242.13 million for the quarter.
For the year 2009, the company tightened its revenue estimate to range of $915 million - $925 million and earnings per share estimate to range of $1.15 - $1.20. Prior estimates included a full-year earnings per share estimate range of $1.15 - $1.25, a full year sales estimate range of $910 million - $930 million, the company noted. Five analysts estimate earnings per share of $1.23 for the year. Four analysts expect revenues of $923.17 million for 2009.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.