News Formal

Saputo misses earnings expectations despite acquisition-fuelled revenue boost

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 92%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Saputo misses earnings expectations despite acquisition-fuelled revenue boost GlobeBusiness

Excluding one-time items, adjusted earnings fell seven per cent to $125.8 million or 32 cents per diluted share. That was down from $135.3 million or 35 cents per share in the fourth quarter of 2018.Saputo was expected to earn 38 cents per share in adjusted profits on $3.3 billion in revenue, according to analysts polled by Thomson Reuters Eikon.

For the full year, Saputo’s profit fell 11.4 per cent to $755.3 million. Adjusted profits equalled $623.6 million or $1.59 per share, down from $704.2 million or $1.80 per share in 2018. Revenue rose 17 per cent to $13.5 billion, from $11.5 billion a year earlier.Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 5. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Campbell Soup boosts outlook as strength in snack brands helps company beat estimatesThe company has been doubling down on its snack business with acquisitions, increased marketing investments and new product launches
Källa: globeandmail - 🏆 5. / 92 Läs mer »