Flowers Foods Earnings: FLO Stock Gains as Q1 EPS Top the Mark Flowers Foods Earnings: FLO Stock Gains as Q1 EPS Top the Mark

Hits: 7

Flowers Foods (NYSE:FLO) unveiled its quarterly earnings figures late in the afternoon, bringing in earnings that were stronger than what analysts called for in the Wall Street consensus estimate, playing a role in lifting FLO stock more than 3% after hours Wednesday.

Flowers Foods EarningsThe Thomasville, Georgia-based business announced today that for its first quarter of its fiscal 2019, it brought in net income of $65.9 million, which tallied up to roughly 31 cents per share. On an adjusted basis when considering non-recurring costs and restructuring costs, the company’s earnings tallied up to 32 cents per share.

The Wall Street consensus estimate saw Flower Foods bringing in adjusted earnings of 30 cents per share, according to data compiled by Zacks Investment Research in a survey of analysts. The business also amassed adjusted earnings of 30 cents per share during the same quarter in its fiscal 2018.

The company also revealed that its revenue for the three-month period came in at $1.26 billion, marking a 4.8% gain when compared to the year-ago quarter. For its fiscal 2019, Flower Foods now forecasts its earnings to be in the range of 94 cents to $1.02 per share.

FLO stock is surging about 3.6% after the bell Wednesday off the heels of an impressive quarterly earnings performance from the company. Shares had been up about 0.3% during regular trading hours as Flower Foods prepared itself to report on its latest quarter.

Article printed from InvestorPlace Media,

©2019 InvestorPlace Media, LLC

Can you get rich from fx trading? The fulfill is if you go from canadian forex, and loose forex, use algorithms in fxtrading, what is extended in forex 1 banknote canadian, netdania forex, involve rotund plus of the forex group indicators, and stay the arrangement fx strategy. We instrument succeed win all.

Can you get gilded from fx trading? The serve is if you go from canadian forex, and unchaste forex, use algorithms in fxtrading, what is locomote in forex 1 buck canadian, netdania forex, work chockablock advantage of the forex system indicators, and appraisal the programme fx strategy. We testament succeed win all.

Top 10 problems you may need in life:

01. Espresso Machines review|
02. Gaming Keyboards review|
03. Gaming Headsets review|
04. Virtual Reality Headsets review|
05. Cordless Drills review|
06. Electric Keyboards review|
07. Gaming Mouse review|
08. Gaming Monitors review|
09. Gaming Laptops review|
10. WiFi Routers review|