Lancaster Colony Q3 EPS $1.03 Misses $1.38 Estimate, Sales $471.45M Beat $468.07M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lancaster Colony reported Q3 earnings of $1.03 per share, missing the consensus estimate of $1.38 by 25.36%, but saw a 15.73% increase over last year's earnings. Sales reached $471.45M, slightly above the $468.07M estimate, marking a 1.40% increase from the previous year.
May 02, 2024 | 11:33 am
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Lancaster Colony's Q3 earnings missed estimates but showed year-over-year growth in both earnings and sales.
While LANC missed EPS estimates, the year-over-year growth in earnings and sales could mitigate negative market reactions. The slight sales beat indicates resilience, but the miss on earnings expectations may temper short-term optimism.
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