Latest News by Industry
LENEXA, Kan. (AP) _ Hostess Brands, Inc. (TWNK) on Wednesday reported third-quarter earnings of $66.3 million.
On a per-share basis, the Lenexa, Kansas-based company said it had net income of 48 cents. Earnings, adjusted for non-recurring gains and pretax gains, were 23 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.
The company posted revenue of $346.2 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $323 million.
Hostess Brands expects full-year earnings in the range of 96 cents to 98 cents per share.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a TWNK">Zacks stock report on TWNK at https://www.zacks.com/ap/TWNK