Snyder's-Lance (LNCE) Lowers FY11 EPS Outlook; Guides Q211 Below Street
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Price: $49.98 --0%
Financial Fact:
Cash dividends declared per share: 0.16
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Cash dividends declared per share: 0.16
Today's EPS Names:
BTTX, VAXX, ELYS, More
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Snyder's-Lance, Inc. (Nasdaq: LNCE) has lowered its fiscal 2011 EPS outlook from $0.85 - $1.00 to $0.75 - $0.90.
The Street is looking for EPS of $0.95.
Second-quarter EPS should be $0.15 - $0.17, versus the Street's $0.27.
The primary driver for the decline in guidance is lower profit margins for the Company's private brand products, resulting primarily from a lag in pricing realization compared to the cost of commodities.
The Street is looking for EPS of $0.95.
Second-quarter EPS should be $0.15 - $0.17, versus the Street's $0.27.
The primary driver for the decline in guidance is lower profit margins for the Company's private brand products, resulting primarily from a lag in pricing realization compared to the cost of commodities.
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