Why Bob Evans Farms (BOBE) Stock Is Down In After-Hours Trading

NEW YORK (TheStreet) -- Shares of Bob Evans Farms (BOBE) are down -2.09% to $48.74 in after-hours trading after the restaurant company reported fiscal 2014 fourth quarter and full year results.

The company said net income from continuing operations was $9.8 million, or 40 cents per diluted share, compared with net income from continuing operations of $29.6 million, or $1.05 per diluted share, in the comparable period a year ago.

For the fourth quarter of 2014, non-GAAP net income from continuing operations was $11.8 million, or 48 cents per diluted share -- 7 cents better than the Capital IQ Consensus Estimate of 41 cents-- compared with non-GAAP net income from continuing operations of $19.4 million, or 69 cents per diluted share, in the comparable period last year.

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The company reports fiscal 2014 diluted GAAP EPS from continuing operations of $1.16, compared to $2.90 in the prior year; diluted non-GAAP EPS from continuing operations was $1.68 for the full year, compared to $2.39 in the prior year

Bob Evans updated its fiscal 2015 diluted EPS guidance range set at $1.90 to $2.20. The updated guidance assumes $85 per hundredweight sow costs and gradual improvement in Bob Evans Restaurants' sales trends.

TheStreet Ratings team rates BOB EVANS FARMS as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

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