Lifeway Foods Inc (LWAY) reported earnings for its first quarter that increased from the same period last year but missed the Street estimates.
The company's bottom line totaled $2.4 million, or $0.16 per share. This compares with $0.8 million, or $0.06 per share, in last year's first quarter.
Analysts on average had expected the company to earn $0.24 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 17.4% to $44.6 million from $38.0 million last year.
Lifeway Foods Inc earnings at a glance (GAAP) :
-Earnings (Q1): $2.4 Mln. vs. $0.8 Mln. last year.
-EPS (Q1): $0.16 vs. $0.06 last year.
-Revenue (Q1): $44.6 Mln vs. $38.0 Mln last year.
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