- recent IPO
** before earnings **
** after earnings **
AdvancePierre Foods beats by $0.16, reports revs in-line; guides FY16 EPS in-line, revs below consensus (recent IPO) :
- Reports Q2 (Jun) earnings of $0.37 per share, $0.16 better than the Capital IQ Consensus of $0.21; revenues fell 5.4% year/year to $370.7 mln vs the $374.39 mln Capital IQ Consensus.
- Co issues guidance for FY16, sees EPS of $1.65-1.75 vs. $1.14 Capital IQ Consensus Estimate; sees FY16 revs of $1.54-1.59 bln vs. $1.6 bln Capital IQ Consensus Estimate. The Company expects FY16 Adjusted EBITDA in the range of $285 million to $290 million.
- Gross profit for the second quarter of 2016 increased by $17.1 million to $100.9 million, or 27.2% of net sales compared to $83.8 million, or 21.4% of net sales, for the second quarter of 2015, reflecting an increase of 580 basis points of margin.
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