Bob Evans Farms Bottom Line Drops 37% In Q2

(RTTNews) - Bob Evans Farms (BOBE) revealed a profit for second quarter that lost ground compared to the same period last year.

The company said its profit fell to $7.07 million, or $0.35 per share. This was lower than $11.18 million, or $0.56 per share, in last year's second quarter.

Analysts had expected the company to earn $0.35 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 22.3% to $117.63 million. This was up from $96.16 million last year.

Bob Evans Farms earnings at a glance:

-Earnings (Q2): $7.07 Mln. vs. $11.18 Mln. last year. -Earnings Decline (Y-o-Y): -36.8% -EPS (Q2): $0.35 vs. $0.56 last year. -EPS Decline (Y-o-Y): -37.5% -Analysts Estimate: $0.35 -Revenue (Q2): $117.63 Mln vs. $96.16 Mln last year. -Revenue Change (Y-o-Y): 22.3%