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Actionable news in BGS: B&G FOODS Inc,

B&G Foods beats 3Q profit forecasts

PARSIPPANY, N.J. (AP) _ B&G Foods Inc. (BGS) on Tuesday reported third-quarter profit of $32.7 million.

The Parsippany, New Jersey-based company said it had profit of 49 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 55 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.

The food producer posted revenue of $408.4 million in the period.

B&G Foods expects full-year earnings in the range of $2.03 to $2.17 per share, with revenue in the range of $1.66 billion to $1.69 billion.

B&G Foods shares have fallen 27 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $31.80, a decrease of 25 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BGS at https://www.zacks.com/ap/BGS


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