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

Editors Pick
The U.K. economy grew at a slower pace in the third quarter in the face of rising uncertainty stemming from global economic conditions, preliminary estimates from the Office for National Statistics Office showed Friday. Gross domestic product climbed 0.7 percent from the second quarter, when it grew 0.9 percent. German consumer climate is set to improve slightly in November, ending the downward trend, as income expectations among households strengthened on the back of the strong labor market situation, survey data revealed Friday.The forward-looking consumer confidence index rose slightly to 8.5 in November from 8.4 in October. Software giant Microsoft Corp. said Thursday after the markets closed that its first quarter profit fell 13% from last year, hurt mainly by integration and restructuring costs even as revenue surged 25% thanks to strong sales of its gadgets and cloud-based products. However, the company's quarterly earnings per share came in above analysts' expectations as did its quarterly revenue.
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.