(RTTNews) - Saputo Inc. (SAP.TO) released earnings for its third quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled C$179 million, or C$0.43 per share. This compares with C$86 million, or C$0.21 per share, in last year's third quarter.
Excluding items, Saputo Inc. reported adjusted earnings of C$221 million or C$0.53 per share for the period.
Analysts on average had expected the company to earn C$0.47 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 17.7% to C$4.59 billion from C$3.90 billion last year.
Saputo Inc. earnings at a glance (GAAP) :
-Earnings (Q3): C$179 Mln. vs. C$86 Mln. last year. -EPS (Q3): C$0.43 vs. C$0.21 last year. -Analyst Estimate: C$0.47 -Revenue (Q3): C$4.59 Bln vs. C$3.90 Bln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
