Nomad Foods: 2Q Earnings Snapshot
FELTHAM, England (AP) _ Nomad Foods Ltd. (NOMD) on Thursday reported second-quarter net income of $52.1 million.
The Feltham, England-based company said it had net income of 27 cents per share. Earnings, adjusted for non-recurring costs, were 30 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share.
The frozen foods company posted revenue of $604.4 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $602.6 million.
Nomad Foods expects full-year earnings to be $1.33 to $1.37 per share.
Nomad Foods shares have risen 31% since the beginning of the year. The stock has increased 17% in the last 12 months.