J & J Snack Foods Q1 Profit Decreases, Misses Estimates

(RTTNews) - J & J Snack Foods (JJSF) revealed earnings for first quarter that decreased from last year and missed the Street estimates.

The company's bottom line came in at $5.14 million, or $0.26 per share. This compares with $7.28 million, or $0.37 per share, last year.

Excluding items, J & J Snack Foods reported adjusted earnings of $0.33 per share for the period.

Analysts on average had expected the company to earn $0.59 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 4.1% to $362.598 million from $348.308 million last year.

J & J Snack Foods earnings at a glance (GAAP) :

-Earnings: $5.14 Mln. vs. $7.28 Mln. last year. -EPS: $0.26 vs. $0.37 last year. -Revenue: $362.598 Mln vs. $348.308 Mln last year.