Snyder's-Lance Q3 Profit Down - Quick Facts

(RTTNews) - Snyder's-Lance, Inc. (LNCE) said its third-quarter 2014 net income from continuing operations, including special items, was $13.7 million, or $0.19 per share, as compared with $16.4 million, or $0.24 per share, last year.

Excluding special items, net income for the third quarter of 2014 totaled $17.0 million, or $0.24 per share. On average, 7 analysts polled by Thomson Reuters expected the company to report earnings of $0.29 per share for the quarter. Analysts' estimates typically exclude special items.

Net revenue for the third quarter was $409 million, up 6.2%, compared with the prior-year figure of $385 million when adjusted for discontinued operations. Six analysts projected revenues of $418.97 million.

In addition, the company declared a quarterly cash dividend of $0.16 per share, payable on November 28, 2014 to stockholders of record at the close of business on November 18.