Lancaster Colony Corp (LANC) reported a profit for its third quarter that increased from last year but missed the Street estimates.
The company's bottom line totaled $28.35 million, or $1.03 per share. This compares with $24.56 million, or $0.89 per share, in last year's third quarter.
Analysts on average had expected the company to earn $1.38 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 1.4% to $471.45 million from $464.94 million last year.
Lancaster Colony Corp earnings at a glance (GAAP) :
-Earnings (Q3): $28.35 Mln. vs. $24.56 Mln. last year.
-EPS (Q3): $1.03 vs. $0.89 last year.
-Revenue (Q3): $471.45 Mln vs. $464.94 Mln last year.
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