B&G Foods falls after Q3 profit miss

B&G Foods

06/11/2024 16:47

** Frozen and canned foods maker B&G Foods'  BGS.N  shares
fall ~16.61% to $7.36 
    ** After market close on Tuesday, company reported Q3 adj.
earnings per share of 13 cents, missing analysts' expectations
of 20 cents, according to data compiled by LSEG
    ** Company's Q3 net sales fell 8.3% to $461.1 mln
    ** At least two brokerages cuts PTs on stock after results
    ** Including session's moves, stock down ~30% YTD

 (Reporting by Prakhar Srivastava in Bengaluru)
 ((Prakhar.srivastava2@thomsonreuters.com))