Snyder's-Lance (LNCE) Tops Q2 EPS by 2c; Bumps Low End of FY EPS Outlook
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Snyder's-Lance, Inc. Reports Results for Second Quarter of Fiscal 2016
August 9, 2016 6:00 AM EDTCHARLOTTE, N.C., Aug. 9, 2016 /PRNewswire/ -- Snyder's-Lance, Inc. (Nasdaq-GS: LNCE) today reported financial results for the second quarter ended July 2, 2016 and narrowed its full-year 2016 earnings per diluted share* and adjusted EBITDA* outlook. Total net revenue in the second quarter of 2016 increased 41.3% including the contribution of Diamond Foods. GAAP net income attributable to Snyder's-Lance, Inc. in the second quarter of 2016 was $19.7 million, or $0.20 per diluted share, as compared to $17.3 million, or $0.24 per diluted share, in the second quarter of 2015. Net income attributable to Snyder's-Lance, Inc. excluding special items* for the second quarter of 2016... More
