Utz Brands Reports Q4 Earnings, Tops Expectations
UTZ Brands, Inc. (UTZ) announced fourth-quarter net income of $2.3 million on Thursday, surpassing Wall Street estimates.
Financial Highlights:
* Net income: $2.3 million
* Earnings per share (adjusted): 22 cents
* Revenue: $341 million
The company's adjusted earnings per share exceeded the average analyst estimate of 19 cents. However, revenue fell short of expectations, with three analysts predicting $346.8 million.
Annual Performance:
For the full year, Utz reported net income of $16 million or 19 cents per share. Revenue amounted to $1.41 billion.
Disclaimer:
This article is automatically generated and based on data from Zacks Investment Research. Access Zacks' stock report on UTZ at https://www.zacks.com/ap/UTZ.