WhiteWave Foods Q3 Profit Beats Estimates - Quick Facts

(RTTNews) - The WhiteWave Foods Company (WWAV) reported that its third-quarter net income decreased to $24.29 million or $0.14 per share, from $26.29 million or $0.18 per share, last year. Adjusted net income was $34 million or $0.19 per share, for the quarter.

On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.18 for the quarter. Analysts' estimates typically exclude special items.

Net sales rose to $638.52 million, from $550.51 million, last year. Analysts expected revenue of $633.25 million for the quarter.

The company expects adjusted earnings of between $0.19 to $0.20 per share for the fourth quarter. For the full year 2013, the company now anticipates adjusted earnings per share of between $0.71 and $0.72. Analysts expect the company to report fourth-quarter profit per share of $0.20, and full year earnings per share of $0.71.

The company expects a sales growth rate in the high single digits for the fourth quarter, and consistent with previous guidance, the company expects a high single digit growth rate for the full year 2013.