Nov. 11 at 2:28 PM
$THS misses estimates but jumps 28.1% in the past 3 months — what's driving the rally? 🚀
Despite missing the Zacks Consensus Estimate on both top and bottom lines, TreeHouse Foods is set to be acquired by Investindustrial for
$2.9 billion. This Zacks Rank #5 company saw its gross profit rise due to insurance recoveries and cost-saving efforts.
Understand the momentum behind THS here 👉 https://www.zacks.com/stock/news/2789304/treehouse-foods-q3-earnings-miss-estimates-sales-rise-yy?cid=sm-stocktwits-2-2789304-body-20452&ADID=SYND_STOCKTWITS_TWEET_2_2789304_BODY_20452