Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Tupperware Brands Q1 Net Income Rises - Quick Facts

RELATED NEWS
Trade TUP now with 

Tupperware Brands Inc. (TUP: Quote) 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.

Register
To receive FREE breaking news email alerts for Tupperware Brands Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Oracle Corp. said Wednesday after the markets closed that its second quarter profit fell 2% from last year, hurt mainly by higher income tax expenses even as revenue increased 3%. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue. Apple's iPhone-based Apple Pay system is gaining momentum nationwide with a host of new banks and retailers signing on. The system allows users to link a credit card directly to their device for payments and Apple now says they have deals with banks that account for 90 percent of the debit card transactions in the US. The current drop in fuel prices could lead to a major sales dip for electric automaker Tesla, according to some industry experts. The Elon Musk led manufacturer had predicted sales of over 500,000 new vehicles by 2020, but now that number could fall by as much as 40 percent.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.