UPDATE: WhiteWave Foods Posts In-Line Q4 Earnings, Revenue Beats Views

reported in-line earnings for the fourth quarter. However, the company reported better-than-expected quarterly revenue. The Denver, Colorado-based company posted a quarterly profit of $33 million, versus a year-ago profit of $20 million. Its per-share earnings climbed to $0.18 from $0.11. Excluding special items, the company's earnings jumped to $0.27 per share from $0.22 per share. Its sales gained 34% to $911 million from $679 million. However, analysts were projecting earnings of $0.27 per share on revenue of $898 million. Revenue for its Coffee Creamers and Beverages segment climbed 11%, while Premium Dairy revenue rose 12%. Net sales for the Americas Plant-based Foods and Beverages platform jumped 21% y/y in the fourth quarter 2014. Adjusted operating income climbed 43% to $87 million from $61 million. "Our fourth quarter results were a very strong close to a record year at WhiteWave. We generated robust organic growth driven by outstanding performances across all of our legacy businesses," said Gregg Engles, chairman and chief executive officer. For the first quarter, the company projects earnings of $0.20 to $0.22 per share. For the full year, WhiteWave Foods projects adjusted earnings of $1.08 to $1.12 per share. WhiteWave Foods shares jumped 4.67% to $37.20 in pre-market trading.