U.S. Markets open in 8 hrs 42 mins

B&G Foods: 1Q Earnings Snapshot

PARSIPPANY, N.J. (AP) _ B&G Foods Inc. (BGS) on Thursday reported first-quarter profit of $16.8 million.

On a per-share basis, the Parsippany, New Jersey-based company said it had net income of 26 cents. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to 44 cents per share.

The food producer posted revenue of $412.7 million in the period.

B&G Foods expects full-year earnings in the range of $1.85 to $2 per share, with revenue in the range of $1.64 billion to $1.67 billion.

B&G Foods shares have decreased 14% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $24.93, an increase of 13% 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