LENEXA, Kan. (AP) — LENEXA, Kan. (AP) — Hostess Brands, Inc. (TWNK) on Tuesday reported fourth-quarter net income of $32.9 million.
The Lenexa, Kansas-based company said it had net income of 24 cents per share. Earnings, adjusted for non-recurring costs, were 25 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.
The company posted revenue of $339.5 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $331.1 million.
For the year, the company reported profit of $164.2 million, or $1.19 per share. Revenue was reported as $1.36 billion.
Hostess Brands expects full-year earnings in the range of $1.08 to $1.13 per share.
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