B&G Foods: 3Q Earnings Snapshot
PARSIPPANY, N.J. (AP) _ B&G Foods Inc. (BGS) on Tuesday reported third-quarter earnings of $32 million.
On a per-share basis, the Parsippany, New Jersey-based company said it had net income of 48 cents. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, came to 57 cents per share.
The food producer posted revenue of $422.6 million in the period.
B&G Foods expects full-year earnings in the range of $1.98 to $2.05 per share, with revenue in the range of $1.71 billion to $1.72 billion.
B&G Foods shares have fallen 23 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $27.12, a drop of 19 percent in the last 12 months.