Blue Buffalo Shares Pop After Posting Better-than-expected Results
Shares of Blue Buffalo Pet Products Inc. soared in Thursday's extended session after the natural pet-food company turned in results ahead of Wall Street's expectations. Blue Buffalo reported third-quarter earnings of $27.1 million, or 14 cents a share, compared with $27.7 million, or 14 cents a share, a year ago. On an adjusted basis, the company earned 17 cents a share, better than the 14 cents a share projected by analysts in a FactSet survey. Revenue grew to $259.4 million from $234.8 million. Analysts had forecast revenue of $258 million. For 2015, Blue Buffalo expects adjusted EPS of 60 cents and sales of $1.02 billion. Blue Buffalo shares are up 11% in after-hours trading.
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