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.
For comments and feedback: editorial@rttnews.com