Bob Evans Slips To Loss In Q1 - Quick Facts

(RTTNews) - Bob Evans Farms, Inc. (BOBE) reported net loss for the first quarter of $1.0 million or $0.04 per share, compared to net income of $8.4 million or $0.30 per share in the year-ago quarter.

Adjusted net income for the latest first quarter was $2.3 million or $0.10 per share, compared to $15.2 million or $0.54 per share in the fourth quarter of last year.

Net sales for the first quarter fell to $326.34 million from $329.45 million a year ago.

Analysts polled by Thomson Reuters currently expect the company to earn $0.10 per share on revenue of $328.61 million for the first quarter. Analysts' estimates typically exclude special items.

For fiscal 2015, the company continues to expect its adjusted earnings in the range of $1.90 to $2.20 per share. Analysts expect revenue of $1.38 billion to $1.40 billion.

Analysts currently expect the company to earn $1.90 per share on revenue of $1.39 billion for fiscal year 2015.