J & J Snack Foods (JJSF) announced a profit for fourth quarter that decreased from the same period last year and missed the Street estimates.
The company's bottom line totaled $29.6 million, or $1.52 per share. This compares with $30.4 million, or $1.57 per share, in last year's fourth quarter.
Excluding items, J & J Snack Foods reported adjusted earnings of $1.60 per share for the period.
Analysts on average had expected the company to earn $1.84 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 3.9% to $426.756 million from $443.863 million last year.
J & J Snack Foods earnings at a glance (GAAP) :
-Earnings (Q4): $29.6 Mln. vs. $30.4 Mln. last year.-EPS (Q4): $1.52 vs. $1.57 last year.-Revenue (Q4): $426.756 Mln vs. $443.863 Mln last year.
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