Lancaster Colony Corp: Jumps on better-than-expected Q1 results

Marzetti Co

04/11/2019 15:47

** Shares of specialty food product manufacturer  LANC.O  up
~12% at $156.79
    ** Stock set for its best day in over 10 years, if gains
hold  
    ** LANC's profit and revenue beat est. after two straight
quarterly misses - Refinitiv data 
    ** Company's foodservice segment posts 11% jump in net
sales, boosts Q1 results  urn:newsml:reuters.com:*:nPnQH0DWa
    ** Stock among best performers on the NASDAQ
    ** Despite session's gains, stock down ~12% this year

 (Reporting by Abhishek Manikandan in Bengaluru)
 ((Abhishek.Manikandan@thomsonreuters.com))