Shares of TreeHouse Foods(THS Quote) were among the NYSE's winners Thursday, climbing 16% after the food manufacturer posted better-than-expected third-quarter results and boosted its full-year earnings guidance.
The company earned $8.3 million, or 26 cents a share, on revenue of $251.7 million. Excluding items, TreeHouse earned 24 cents a share. Analysts polled by Thomson First Call expected earnings of 19 cents a share, before items, and revenue of $242.5 million. During the year-earlier quarter, the company earned $4.9 million, or 16 cents a share, on revenue of $171.9 million.
TreeHouse now sees full-year adjusted earnings of $1.05 to $1.08 a share, up from an earlier view of 86 cents to 91 cents. Analysts project earnings of 97 cents a share. The stock was up $3.95 to $28.54. ...
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