Sara Lee Misses Earnings Estimates (SLE)

Sara Lee Corporation SLE on Tuesday morning released financial results that missed Wall Street earnings expectations. Sara Lee Corporation reported that its 1st quarter net income fell to $194 million, or 29 cents per share, down from $287 million, or 41 cents per share, a year earlier. Excluding special items, the company earned 13 cents per share. The company's revenues fell to $2.58 billion, down from $2.59 billion a year earlier. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 17 cents per share, on revenue of $2.48 billion. Sara Lee Corporation (SLE) ended the previous trading session at $14.80 per share. Analysts covering the company's stock have a consensus price target of $14.56 per share. Read more from Benzinga's Company news.