Bob Evans Farms Q1 Income Falls 23%

(RTTNews) - Bob Evans Farms (BOBE) released earnings for first quarter that fell from last year.

The company said its profit totaled $7.34 million, or $0.37 per share. This was lower than $9.55 million, or $0.48 per share, in last year's first quarter.

Analysts had expected the company to earn $0.37 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 27.1% to $109.27 million. This was up from $85.94 million last year.

Bob Evans Farms earnings at a glance:

-Earnings (Q1): $7.34 Mln. vs. $9.55 Mln. last year. -Earnings Decline (Y-o-Y): -23.1% -EPS (Q1): $0.37 vs. $0.48 last year. -EPS Decline (Y-o-Y): -22.9% -Analysts Estimate: $0.37 -Revenue (Q1): $109.27 Mln vs. $85.94 Mln last year. -Revenue Change (Y-o-Y): 27.1%

-Guidance: Full year EPS guidance: $2.10-$2.30 Full year revenue guidance: $474 to $486 Mln