Lancaster Colony Corp (LANC) reported a profit for second quarter that decreased from last year and missed the Street estimates.
The company's earnings totaled $48.99 million, or $1.78 per share. This compares with $51.48 million, or $1.87 per share, last year.
Analysts on average had expected the company to earn $1.94 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 4.8% to $509.30 million from $485.92 million last year.
Lancaster Colony Corp earnings at a glance (GAAP) :
-Earnings: $48.99 Mln. vs. $51.48 Mln. last year.
-EPS: $1.78 vs. $1.87 last year.
-Revenue: $509.30 Mln vs. $485.92 Mln last year.
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