Revenue Update on Snyder's-Lance Inc(NASDAQ:LNCE)

Snyder's-Lance Inc(NASDAQ:LNCE) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 13, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $556.163M. Analysts estimated a revenue of $632.890M. The revenues were -12.12% below the estimates. Earnings per share were $0.27. The reported EPS was below estimates by -30.77%. Analysts had estimated an EPS of $0.39.

Snyder's-Lance Inc (LNCE) made into the market gainers list on Wednesdays trading session with the shares advancing 0.13% or 0.05 points. Due to strong positive momentum, the stock ended at $39.43, which is also near the day’s high of $39.65. The stock began the session at $39.22 and the volume stood at 5,03,030 shares. The 52-week high of the shares is $39.74 and the 52 week low is $28.92. The company has a current market capitalization of $3,795 M and it has 9,62,42,784 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Dec 7, 2016, Brian J Driscoll (director) sold 5,000 shares at $36.25 per share price.Also, On Sep 14, 2016, John E Denton (director) sold 6,932 shares at $33.94 per share price.On Aug 12, 2016, Peter P Brubaker (director) sold 4,000 shares at $36.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Snyder’s-Lance Inc. is a national snack food company. The Company is engaged in the manufacturing distribution marketing and sale of snack food products. Its products include pretzels sandwich crackers kettle cooked chips pretzel crackers cookies potato chips tortilla chips nuts restaurant style crackers and other salty snacks. It purchases certain cake products and sells under its brands. The Company’s brands include core brands such as Snyder’s of Hanover Lance Cape Cod Snack Factory Pretzel Crisps and Late July and allied brands such as Tom’s Archway Jays Stella D’oro EatSmart Krunchers! and O-Ke-Doke. The Company’s Clearview Foods division combines Snack Factory Pretzel Crisps Late July Organic Snacks and EatSmart brands. The Company also sells Partner brand products which consist of other third-party branded products that the Company sells to its independent business owners (IBO) through its direct-store-delivery distribution network (DSD network).

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