Lifeway Foods reports 29% increase in Q4 sales
Lifeway Foods, Inc. (Nasdaq:LWAY) shares are dipping slightly in after-hours trading after the maker of health food products reported after the closing bell that its fourth-quarter earnings fell to $0.01 per share from $0.03 per share a year earlier. Analysts expected a loss of $0.02 per share. Quarterly sales rose 29% to $10.2 million from $7.9 million during the same period of 2006. Wall Street analysts anticipated $13.1 million in sales. In after-hours trading, LWAY shares are down 2.8%, or $0.30, at $10.38.
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