PARSIPPANY, N.J. (AP) _ B&G Foods Inc. (BGS) on Thursday reported third-quarter profit of $31.1 million.
The Parsippany, New Jersey-based company said it had net income of 48 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 54 cents per share.
The food producer posted revenue of $406.3 million in the period.
B&G Foods expects full-year earnings in the range of $1.65 to $1.80 per share, with revenue in the range of $1.67 billion to $1.7 billion.
B&G Foods shares have declined 46% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $15.50, a drop of 40% in the last 12 months.