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
Discount retailer Family Dollar Stores Inc., which is being acquired by rival Dollar Tree Inc., said Wednesday after the markets closed that its third quarter profit fell slightly from last year, due mainly to a higher effective tax rate. The company's quarterly earnings per share, excluding items, also came in below analysts' expectations. Most of the major automakers, except General Motors Co. (GM), Wednesday reported improved sales results for June, as strong sales of trucks and SUVs continued to help offset weak car sales. Nonetheless, GM's June U.S. sales dropped 3 percent to 259,353 units from 267,461 units last year. The drop... Media and entertainment giant Walt Disney Co. said Tuesday that Christine McCarthy, the company's Treasurer for the past 15 years, will succeed James Rasulo as Chief Financial Officer.
comments powered by Disqus
Follow RTT