Lancaster Colony Corp (LANC) released earnings for its second quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $51.484 million, or $1.87 per share. This compares with $39.973 million, or $1.45 per share, in last year's second quarter.
Analysts on average had expected the company to earn $1.62 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 1.8% to $485.916 million from $477.394 million last year.
Lancaster Colony Corp earnings at a glance (GAAP) :
-Earnings (Q2): $51.484 Mln. vs. $39.973 Mln. last year.-EPS (Q2): $1.87 vs. $1.45 last year.-Analyst Estimate: $1.62-Revenue (Q2): $485.916 Mln vs. $477.394 Mln last year.
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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.