J&J Snack Foods Corp. Q4 Profit Decreases, But Beats Estimates

(RTTNews) - J&J Snack Foods Corp. (JJSF) released earnings for fourth quarter that Decreased from last year but beat the Street estimates.

The company's bottom line totaled $11.38 million, or $0.58 per share. This compares with $29.64 million, or $1.52 per share, last year.

Excluding items, J&J Snack Foods Corp. reported adjusted earnings of $1.58 per share for the period.

Analysts on average had expected the company to earn $1.24 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 3.9% to $410.24 million from $426.76 million last year.

J&J Snack Foods Corp. earnings at a glance (GAAP) :

-Earnings: $11.38 Mln. vs. $29.64 Mln. last year. -EPS: $0.58 vs. $1.52 last year. -Revenue: $410.24 Mln vs. $426.76 Mln last year.