Why Is B&G Foods (BGS) Stock Soaring Today
What Happened? Shares of packaged foods company B&G Foods (NYSE:BGS) jumped 23% in the morning session after the company reported third-quarter earnings that surpassed analyst expectations on profitability. The company posted adjusted earnings of 0.11. While net sales of $439.3 million marked a 4.7% decrease from the same period last year, the figure was in line with Wall Street's predictions. Investors were particularly encouraged by the company ...