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 EPS were $0.36 in the second quarter, 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.
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