Snyder?s-Lance Inc. Announces 37% Retreat In Q1 Bottom Line

(RTTNews) - Snyder?s-Lance Inc. (LNCE) reported a profit for first quarter that retreated compared to the same period last year.

The company said its bottom line fell to $13.19 million, or $0.13 per share. This was down from $20.79 million, or $0.26 per share, in last year's first quarter.

Analysts had expected the company to earn $0.14 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 18.7% to $531.50 million. This was up from $447.87 million last year.

Snyder?s-Lance Inc. earnings at a glance:

-Earnings (Q1): $13.19 Mln. vs. $20.79 Mln. last year. -Earnings Decline (Y-o-Y): -36.6% -EPS (Q1): $0.13 vs. $0.26 last year. -EPS Decline (Y-o-Y): -50.0% -Analysts Estimate: $0.14 -Revenue (Q1): $531.50 Mln vs. $447.87 Mln last year. -Revenue Change (Y-o-Y): 18.7%

-Guidance: Full year EPS guidance: $1.05 - $1.20 Full year revenue guidance: $2.20 - $2.25 Bln