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B&G Foods: 3Q Earnings Snapshot

PARSIPPANY, N.J. (AP) _ B&G Foods Inc. (BGS) on Tuesday reported third-quarter earnings of $32 million.

On a per-share basis, the Parsippany, New Jersey-based company said it had net income of 48 cents. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, came to 57 cents per share.

The food producer posted revenue of $422.6 million in the period.

B&G Foods expects full-year earnings in the range of $1.98 to $2.05 per share, with revenue in the range of $1.71 billion to $1.72 billion.

B&G Foods shares have fallen 23 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $27.12, a drop of 19 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