Investing.com - B&G Foods reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
B&G Foods announced earnings per share of $0.31 on revenue of $528.4M. Analysts polled by Investing.com anticipated EPS of $0.34 on revenue of $536.57M.
B&G Foods shares are down 19% from the beginning of the year, still down 57.25% from its 52 week high of $34.27 set on January 12.
B&G Foods shares lost 7.99% in after-hours trade following the report.
B&G Foods follows other major Consumer Staples sector earnings this month
B&G Foods's report follows an earnings beat by Procter&Gamble on October 19, who reported EPS of $1.57 on revenue of $20.61B, compared to forecasts EPS of $1.56 on revenue of $20.37B.
Coca-Cola had beat expectations on October 25 with third quarter EPS of $0.69 on revenue of $11.06B, compared to forecast for EPS of $0.6388 on revenue of $10.53B.
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