Bob Evans Q4 Results Top Estimates

(RTTNews) - Restaurant operator Bob Evans Farms, Inc. (BOBE) reported net income for the fourth quarter of $5.6 million or $0.24 per share, compared to $13.0 million or $0.53 per share for the year-ago quarter.

Excluding items, adjusted net income from continuing operations was $13.2 million or $0.56 per share, compared to $11.8 million or $0.48 per share in the prior year quarter.

Net sales for the fourth quarter rose to $332.39 million from $326.37 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.41 per share on revenue of $330.97 million for the fourth quarter. Analysts' estimates typically exclude special items.

Looking forward to the fiscal year 2016, the company forecasts net sales of $1.34 billion to $1.41 billion and adjusted earnings of $1.75 to $1.95 per share. Analysts currently expect the company to earn $1.86 per share on revenue of $1.37 billion for the fiscal year 2016.