Lifeway Foods Up On $7.4 Mln Wisconsin Dairy Plant Buy; Due To Report After Market Close Today

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Lifeway Foods, Inc., ( LWAY ) is up 1.5% at $13.34, pulling back from an intraday high of $13.50 but still nearer the 52-week high of $14. The supplier of kefir cultured dairy products today said it will acquire the 170,000-square-foot Golden Guernsey dairy plant in Wisconsin for $7.4 million to provide additional manufacturing capacity for its kefir-based business.

LWAY is slated to report after market close today. According to Wall St. Cheat Sheet, analysts expect earnings of $0.09 per share on revenues of $24.92 million. Currently, the company's P/E ratio stands at 39.01.



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This article appears in: Investing , Commodities

Referenced Stocks: LWAY

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