Market Intelligence

Saputo Inc. Q3 adjusted earnings Miss Estimates

(RTTNews.com) - Saputo Inc. (SAP.TO) reported a profit for its third quarter that increased from the same period last year.

The company's bottom line came in at C$342.0 million, or C$0.87 per share. This compares with C$337.0 million, or C$0.86 per share, in last year's third quarter.

Excluding items, Saputo Inc. reported adjusted earnings of C$174.4 million or C$0.44 per share for the period.

Analysts had expected the company to earn C$0.46 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 18.5% to C$3.58 billion from C$3.02 billion last year.

Saputo Inc. earnings at a glance:

-Earnings (Q3): C$174.4 Mln. vs. C$183.2 Mln. last year. -EPS (Q3): C$0.44 vs. C$0.47 last year. -Analysts Estimate: C$0.46 -Revenue (Q3): C$3.58 Bln vs. C$3.02 Bln last year.

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