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Post (NYSE:POST) Issues Earnings Results
['Patrick Bannon']
Daily Political
Post Stock Down 12.8%Shares of Post stock traded down $11.52 during trading hours on Friday, reaching $78.71.
Get Post alerts:Key Post NewsHere are the key news stories impacting Post this week:Positive Sentiment: Post reported third-quarter adjusted earnings of $1.78 per share, exceeding the $1.70 consensus estimate.
Post Holdings Q3 earnings beat estimatesPost reported third-quarter adjusted earnings of $1.78 per share, exceeding the $1.70 consensus estimate.
Post Holdings Q3 earnings call transcriptThe earnings call highlighted foodservice strength, but investors are weighing that performance against softness elsewhere in the portfolio and the company’s broader operating challenges.
The combination of a revenue miss, lower year-over-year EPS and operating-cost pressure explains why Post Holdings (POST) moved lower despite beating earnings expectations.