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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.