Blue Buffalo shares rally on earnings beat, outlook
Blue Buffalo Pet Products Inc. shares rallied in the extended session Tuesday after the natural pet-food company topped Wall Street estimates for the quarter and provided a positive outlook. Blue Buffalo shares surged 9.1% to $20.25 after hours. The company reported adjusted fourth-quarter earnings of 16 cents a share on revenue of $265 million. Analysts surveyed by FactSet had forecast 14 cents a share on revenue of $259.8 million. Blue Buffalo said it expects adjusted earnings for 2016 of 72 cents to 74 cents a share on revenue of $1.12 billion to $1.14 billion. Analysts expect 70 cents a share on revenue of $1.13 billion.
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