Lancaster Colony Q4 GAAP EPS $1.26 Misses $1.39 Estimate, Sales $452.82M Misses $462.976M
Portfolio Pulse from Benzinga Newsdesk
Lancaster Colony reported Q4 earnings per share of $1.26, missing the estimate of $1.39. Sales were $452.82 million, also below the expected $462.976 million, marking a slight decrease from the previous year.
August 22, 2024 | 11:40 am
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Lancaster Colony's Q4 earnings and sales both missed analyst estimates, with EPS at $1.26 versus the expected $1.39 and sales at $452.82M compared to the $462.976M forecast.
The earnings per share and sales figures both missed analyst expectations, which typically results in negative sentiment and potential short-term downward pressure on the stock price.
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