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Why Lifeway Foods Stock Popped Today

TheMotleyFool

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Lifeway Foods (NASDAQ: LWAY) stock jumped 7.8% through 9:50 a.m. ET Wednesday after the company reported mixed earnings for the third quarter this morning.

Heading into the quarter, analysts forecast the kefir company would earn $0.28 per share on sales of $55 million. In fact, Lifeway ended up earning only $0.23 per share, but its sales topped $57.1 million -- an earnings miss but a revenue beat.

Image source: Getty Images.

Source Fool.com

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