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Sara Lee Corp
SLE swung to a profit in the fiscal third quarter.
The company reported its quarterly earnings at $153 million, or $0.25 per share, versus a loss of $336 million, or $0.49 per share, in the year-ago period. The company's adjusted earnings from continuing operations came in at $0.24 per share. However, analysts were expecting earnings of $0.25 per share. The company's sales increased to $2.22 billion from $2.08 billion.
Sara Lee lowered its full-year earnings forecast to a range of $0.79 to $0.83 per share, from $0.85 to $0.89 per share, versus analysts' estimates of $0.86 per share.
SLE shares fell 0.67% to close at $19.14 yesterday.
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from Benzinga's Company news.© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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