Pinnacle Foods: 2Q Earnings Snapshot

August 2, 2018

PARSIPPANY, N.J. (AP) _ Pinnacle Foods Inc. (PF) on Thursday reported second-quarter net income of $56.3 million.

On a per-share basis, the Parsippany, New Jersey-based company said it had profit of 47 cents. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, were 59 cents per share.

The maker of Birds Eye frozen foods, Duncan Hines frosting and cake mixes and Vlasic pickles posted revenue of $741.8 million in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $749.6 million.

Pinnacle Foods expects full-year earnings in the range of $2.85 to $2.95 per share.

Pinnacle Foods shares have climbed 11 percent since the beginning of the year. The stock has risen 12 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PF at https://www.zacks.com/ap/PF

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