UPDATE: Fortune Reports Decline In Q2 Earnings From Continuing Operations

Fortune Brands Inc FO reported a drop in Q2 earnings from continuing operations. Fortune's earnings from continuing operations, excluding charges and gains, came in at $0.71 per share, versus $0.74 per share, in the year-ago period. Fortune's net income rose to $330 million, or $2.09 per share, from $229.4 million, or $1.49 per share, in the year-ago period. Its sales from continuing operations climbed 5% to $1.59 billion. Fortune shares closed at $57.94 yesterday.