Post Holdings Results Top Estimate

(RTTNews) - Post Holdings Inc (POST), a consumer packaged goods holding company, Monday reported fourth-quarter net loss of $291.7 million or $5.86 per share compared with a loss of $3.2 million or $0.10 per share last year.

Results for the 2014 quarter included impairment charges of $295.6 million.

Excluding items, adjusted earnings for the quarter were $0.13 per share compared with $0.16 per share a year ago.

Revenues for the quarter were $1.04 billion compared with $291.7 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.07 per share on revenues of $980 million for the quarter. Analysts' estimates typically exclude special items.

Acquisitions contributed $794.6 million to sales, with strong contributions from Michael Foods, the company said.

On October 1,Post announced the completion of the acquisition of the PowerBar and Musashi brands and related worldwide assets from Nestle S.A. In addition on November 3, Post announced the closing of the American Blanching Co acquisition.