Investing.com - Lifeway reported on Monday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Lifeway announced earnings per share of $0.060 on revenue of $38.1M. Analysts polled by Investing.com anticipated EPS of $0.020 on revenue of $35M.
Lifeway shares are up 7% from the beginning of the year , still down 20.22% from its 52 week high of $9.00 set on Monday, March 21, 2022.
Lifeway shares lost 3.76% in pre-market trade the report.
Lifeway follows other major Consumer Staples sector earnings this month
Lifeway's report follows an earnings beat by Procter&Gamble on Wednesday, October 19, 2022, who reported EPS of $1.57 on revenue of $20.61B, compared to forecasts EPS of $1.55 on revenue of $20.37B.
Coca-Cola had beat expectations on Tuesday, October 25, 2022 with third quarter EPS of $0.69 on revenue of $11.06B, compared to forecast for EPS of $0.6369 on revenue of $10.52B.
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