Lancaster Colony Q1 EPS $1.59 Misses $1.61 Estimate, Sales $461.57M Beat $457.98M Estimate
Portfolio Pulse from bharat@benzinga.com
Lancaster Colony (NASDAQ:LANC) reported Q1 earnings of $1.59 per share, missing the analyst consensus estimate of $1.61 by 1.24%. This is a 1.85% decrease from the same period last year. However, the company's quarterly sales of $461.57 million beat the analyst consensus estimate of $457.98 million by 0.78%, marking an 8.47% increase from the same period last year.
November 02, 2023 | 11:36 am
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Lancaster Colony's Q1 earnings per share missed estimates, but sales beat expectations. This mixed report may lead to uncertain short-term price movements.
Lancaster Colony's earnings per share missed analyst estimates, which could negatively impact the stock price. However, the company's sales beat estimates, which could have a positive effect. These mixed results make the short-term price direction uncertain.
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