Lancaster Colony Corp (LANC) reported earnings for its third quarter that increased from last year but missed the Street estimates.
The company's bottom line came in at $41.1 million, or $1.49 per share. This compares with $28.4 million, or $1.03 per share, last year.
Analysts on average had expected the company to earn $1.58 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 2.9% to $457.8 million from $471.4 million last year.
Lancaster Colony Corp earnings at a glance (GAAP) :
-Earnings: $41.1 Mln. vs. $28.4 Mln. last year.
-EPS: $1.49 vs. $1.03 last year.
-Revenue: $457.8 Mln vs. $471.4 Mln last year.
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