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Hostess Brands: 3Q Earnings Snapshot

·1 min read

LENEXA, Kan. (AP) _ Hostess Brands, Inc. (TWNK) on Thursday reported third-quarter net income of $22.6 million.

The Lenexa, Kansas-based company said it had net income of 18 cents per share. Earnings, adjusted for one-time gains and costs, were 19 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.

The company posted revenue of $260.9 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $254.3 million.

Hostess Brands expects full-year earnings in the range of 73 cents to 75 cents per share.

Hostess Brands shares have declined roughly 8% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $13.41, a rise of 6% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TWNK at https://www.zacks.com/ap/TWNK