Bellring Brands Inc reports results for the quarter ended June 30 - Earnings Summary
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Bellring Brands Increported adjusted earnings of 55 cents per share for the quarter ended June 30, surpassing last year's 54 cents and analysts' expectations of 50 cents. Revenue increased by 6.2% to $547.50 million, exceeding the forecast of $531.28 million. The company’s reported EPS was 16 cents, with a net income of $21 million. Despite a 6.6% drop in shares this quarter and a 28.2% decline this year, analysts maintain a "buy" rating, with a 12-month price target of $78.00, 31.2% above the last closing price of $53.64.
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