Glanbia upgrades its full year earnings guidance

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Shares in nutrition supplement maker Glanbia jumped today after it upgraded its adjusted earnings per share growth for the full year as it reported a strong performance in the first nine months of this year.

Shares in nutrition supplement maker Glanbia jumped today after it upgraded its adjusted earnings per share growth for the full year as it reported a strong performance in the first nine months of this year.

It said its earning per share are now expected to grow by 22% to 24%, up from its previous guidance of 17% to 20%.

In a trading update, Glanbia reported group like for like revenue growth of 9.9% for the nine months to October 3, with volume growth across all of its three business units.

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