News Summary

Shares of Sara Lee Corp SLE dropped about 0.7% after the company reported its fiscal second-quarter results. SLE's earnings came in at $1.37 per share, up from $0.53 per share, in the year-earlier period. The company's sales dropped to $2.35 billion from $2.36 billion. On an adjusted basis, the company reported its earnings at $0.24 per share, compared with $0.27 per share, in the year-ago period. However, analysts were expecting earnings of $0.25 per share on sales of $2.9 billion. Sara Lee affirmed its full-year adjusted profit projections in the range of $0.85 to $0.89 per share, compared with analysts' estimates of $0.89 per share. Church & Dwight Co CHD reported its Q4 profit at $47 million, or $0.65 per share, compared with $52.8 million, or $0.74 per share, in the year-earlier period. The company's adjusted net income came in at $0.86 per share. CHD's revenue dropped 2.1% y/y to $656.9 million. However, analysts were expecting earnings of $0.89 per share on revenue of $661.1 million. CHD raised its quarterly dividend to $0.34 per share from $0.17 per share. The company projects 2011 earnings of $4.35 to $4.40 per share, versus analysts' estimates of $4.40 per share. Shares of Entergy Corp ETR fell about 0.2% after the company reported its fourth-quarter net income at $228.3 million, or $1.26 per share, down from $313.8 million, or $1.64 per share, in the year-earlier period. The company's adjusted earnings came in at $1.30 per share. The company's revenue increased to $2.53 billion from $2.5 billion. However, analysts expected earnings of $1.26 per share on revenue of $2.61 billion. Entergy projects 2011 earnings of $6.35 to $6.85 per share, versus analysts' estimates of $6.59 per share Read more from Benzinga's Markets.