Bob Evans Farms Q2 Profit Tops Estimate; Revenue Falls Short

(RTTNews) - Bob Evans Farms, Inc. (BOBE) reported net income for the second quarter of $6.0 million or $0.25 per share, compared to $6.1 million or $0.23 per share for the year-ago quarter.

Excluding items, adjusted net income for the second quarter was $8.6 million or $0.36 per share, compared to $9.5 million or $0.35 per share in the prior year quarter.

Nte sales for the second quarter increased 0.2% to $333.28 million from $332.60 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.33 per share on revenue of $343.76 million for the second quarter. Analysts' estimates typically exclude special items.

The company said it now expects fiscal 2015 adjusted earnings to be $1.90 to $2.10 per share, compared to its prior guidance of $1.90 to $2.20 per share. Analysts currently expect the company to earn $1.92 per share for the fiscal year 2015.