Lancaster Colony Corp. (LANC) reported that its second-quarter net income increased to $35.28 million from $30.37 million last year. Profit per share was $1.28 compared to $1.11 prior year.
On average, four analysts polled by Thomson Reuters expected the company to report profit of $1.25 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales increased to $326.15 million from $311.79 million last year. Analysts expected revenue of $329.77 million for the quarter.
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