Boulder Brands Q4 Adj. Profit Tops View; Cuts FY14 EPS Outlook

(RTTNews) - Boulder Brands Inc. (BDBD) reported that its fourth-quarter net income attributable to common stockholders of $4.9 million or $0.08 per share, compared to $3.7 million or $0.06 per share in the comparable quarter last year.

Non-GAAP net income for the latest fourth quarter rose to $6.7 million or $0.11 per share from $3.6 million or 40.06 per share in the year-ago period. On average, ten analysts polled by Thomson Reuters expected the company to report earnings of $0.10 per share. Analysts' estimates typically exclude special items.

Net sales for the latest fourth quarter were $125.50 million, up from $113.03 million in the prior year quarter, while nine analysts expected revenue of $123.61 million for the quarter.

For 2014, the company said it expects earnings per share to be in the range of $0.39 to $0.44, down from its initial estimate of $0.41-$0.46, to reflect updated estimates for stock-based compensation and depreciation and amortization.

The company continues to expect net sales to be in the range of $540 million to $550 million.

Analysts now expect 2014 earnings of $0.44 per share on revenues of $545.59 million.