logo
Share SHARE
FONT-SIZE Plus   Neg

Tupperware Brands Q1 Net Income Rises - Quick Facts

Tupperware Brands Inc. (TUP) Wednesday released the financial results for the first quarter of 2012 ended 31st March 2012, stating that net profit for the quarter increased to $58.3 million, or $1.02 per share, higher that net income of $55.3 million, or $0.88 per share reported for the year-ago quarter.

Adjusted earnings for the first quarter were $1.03 per share, compared with $0.90 per share reported for the year-ago quarter.

Eight analysts polled by Thomson Reuters estimated earnings of $0.96 per share for the quarter. Analysts' estimates usually exclude special items.

Quarterly net sales increased slightly to $639.5 million from $636.4 million reported in the first quarter of 2011. Five analysts polled by Thomson Reuters estimated revenues of $624.51 million.

Looking ahead, the company expects earnings for the second quarter to be in the range of $1.34 to $1.39 per share, and adjusted earnings between $1.23 and $1.28 per share. Analysts' consensus currently sees earnings of $1.32 per share for the second quarter.

For the full-year 2012, earnings are anticipated between $4.96 and $5.06 per share, with adjusted earnings projected in the range of $5.00 and $5.10 per share. Market consensus expects 2012 earnings of $5.04 per share.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Samsung Electronics Co., Ltd. said it will delay restarting the sale of its Galaxy Note 7 phone in South Korea. The decision is said to reflect the requirement of more time for the global recall as dozens of devices caught fire. Shares of Marinus Pharmaceuticals Inc. (MRNS) have gained over 35% in the last seven trading days in the run-up to the exploratory phase II study results of Ganaxolone, scheduled for this month. United Parcel Service, Inc. has started to test the use of drones to make commercial deliveries of packages to remote or difficult-to-access locations. On Thursday, the package delivery giant and drone-maker CyPhy Works staged a mock delivery of urgently needed medicine from Beverly, Massachusetts to Children's Island, which is about three miles off the Atlantic coast.
comments powered by Disqus
Follow RTT