Bob Evans Farms Earnings Drop 18% In Q1

(RTTNews) - Bob Evans Farms (BOBE) revealed a profit for first quarter that lost ground compared to the same period last year.

The company said its bottom line came in at $9.55 million, or $0.48 per share. This was down from $11.70 million, or $0.51 per share, in last year's first quarter.

Analysts had expected the company to earn $0.44 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 4.8% to $306.32 million. This was down from $321.71 million last year.

Bob Evans Farms earnings at a glance:

-Earnings (Q1): $9.55 Mln. vs. $11.70 Mln. last year. -Earnings Decline (Y-o-Y): -18.4% -EPS (Q1): $0.48 vs. $0.51 last year. -EPS Decline (Y-o-Y): -5.9% -Analysts Estimate: $0.44 -Revenue (Q1): $306.32 Mln vs. $321.71 Mln last year. -Revenue Change (Y-o-Y): -4.8%

-Guidance: Full year EPS guidance: $2.05 - $2.20 Full year revenue guidance: $1.28 - $1.33 Bln