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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