J&J Snack Foods Posts Mixed Financial Results

The drink and snack maker's revenue beat expectations, but earnings fell short.

I Stock 480138577

PENNSAUKEN, N.J. (AP) — J&J Snack Foods Corp. on Tuesday reported fiscal third-quarter earnings of $15.6 million.

The New Jersey-based company said it had net income of $0.81 per share. Earnings, adjusted for costs related to mergers and acquisitions, were $0.93 per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share.

The drink and snack maker posted revenue of $380.2 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $351.4 million.

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