Sara Lee More Than Doubles Profit But Misses Estimates (SLE)

Downers Grove, Illinois-based Sara Lee Corporation SLE on Tuesday morning released financial results. Sara Lee Corporation reported that its 2nd quarter net income climbed to $880 million, or $1.37 per share, up from $371 million, or 53 cents per share, a year earlier. The company reported adjusted EPS from continuing operations of 24 cents per share. Sara Lee Corporation reported revenue of $2.35 billion, down from $2.36 billion a year earlier. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 25 cents per share, on revenue of $2.63 billion. Sara Lee Corporation (SLE) ended the previous trading session at $16.92 per share. Analysts covering the company's stock have a consensus price target of $17.89 per share. Sara Lee Corporation has one of the world's leading portfolios with its innovative and trusted food and beverage brands, including Ball Park, Douwe Egberts, Hillshire Farm, Jimmy Dean, Sara Lee and Senseo. Read more from Benzinga's Company news.