Lancaster Colony Corp (LANC) revealed a profit for its first quarter that increased from last year but missed the Street estimates.
The company's bottom line came in at $44.70 million, or $1.62 per share. This compares with $43.95 million, or $1.59 per share, in last year's first quarter.
Analysts on average had expected the company to earn $1.66 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 1.1% to $466.56 million from $461.57 million last year.
Lancaster Colony Corp earnings at a glance (GAAP) :
-Earnings (Q1): $44.70 Mln. vs. $43.95 Mln. last year.
-EPS (Q1): $1.62 vs. $1.59 last year.
-Revenue (Q1): $466.56 Mln vs. $461.57 Mln last year.
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