Bob Evans Farms (BOBE) reported third quarter net income of $0.69 per share after the bell Tuesday, compared to $0.51 per share in the prior year period. The consensus estimate was for EPS of $0.59. The company raised the lower end of its full year 2012 EPS guidance to $2.38 from $2.36, and reaffirmed the high end of $2.44. The consensus estimate is for EPS of $2.38.
Bob Evans Farms gapped up and rose sharply in early trade Wednesday, before settling into a range. Shares finished up by 2.26 at $38.50, with volume at a 3-month high. The stock climbed above a 2-week range and set a new high for the year.
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