Imperial Sugar Company reports sour FYQ3 results
Imperial Sugar Company (Nasdaq: IPSU) reported sour results for its fiscal third quarter; but still beat analyst estimates.
For the three months ended June 30, the Sugar Land, Texas-based company reported net sales decreased 6.5% to $216.4 million, compared with $231.3 million in the same quarter last year, on account of lower sales prices on a small increase (0.6%) in volumes. One analyst polled by Thomson Financial was expecting revenue of $201.73 million.
Imperial Sugar recorded earnings for the quarter of $7.6 million, or $0.64 per share, compared with $15.2 million, or $1.30 per share in the third quarter of 2006. One analyst polled by Thomson Financial was expecting earnings of $0.38 per share.
