Lancaster Colony Corp. (LANC) Q2 Revenue Misses Views
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EPS Growth %: +57.3%
Financial Fact:
Operating Income: 50.75M
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Lancaster Colony Corp. (NASDAQ: LANC) reported Q2 EPS of $1.67, may not compare to the analyst estimate of $1.30. Revenue for the quarter came in at $319.7 million versus the consensus estimate of $334.91 million.
The taxes based on income amount of only $1.8 million in the current-year quarter reflects the favorable impact of the Tax Cuts and Jobs Act of 2017 ("Tax Act"), which includes the cumulative effect of both a lower federal income tax rate and a one-time benefit of $9 million resulting from the preliminary re-measurement of our net deferred tax liability. The estimated favorable impact of the Tax Act on second quarter net income was $14.5 million, or $.53 per diluted share.
For earnings history and earnings-related data on Lancaster Colony Corp. (LANC) click here.
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