Sara Lee Corp. (SLE) reported that its second-quarter net earnings were $371 million or $0.53 per share, compared to a loss of $17 million or $0.02 per share in the same quarter last year. Adjusted earning were $0.36 per share, compared to $0.19 per share last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.23 per share. Analysts' estimates typically exclude special items.
Net sales for the quarter were $2.86 billion, compared to $2.86 billion in the prior year quarter. Six analysts had consensus revenue estimate of $3.12 billion for the quarter.
Sara Lee currently expects full-year fiscal 2010 total earnings per share to be in the range of $1.36 to $1.41, compared to previous estimates of $1.12 to $1.18 per share.
Full-year 2010 adjusted earnings per share are now expected to be in the range of $1.00 to $1.05 per share, compared to prior outlook of $0.90 to $0.96 per share. Net sales for the year is still anticipated to be between $12.9 billion and $13.2 billion. Analysts expect the company to report earnings of $0.95 per share on revenues of $11.46 billion for fiscal 2010.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.