Tupperware Brands 4th-quarter performance beats Wall Street's view

MarketsAssociated Press

Tupperware's fourth-quarter profit fell as sales softened, but its performance beat analysts' expectations.

Its stock rose more than 5 percent in Wednesday premarket trading.

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The Orlando, Florida-based company earned $82.3 million, or $1.63 per share, for the period ended Dec. 27. That compares with $89.7 million, or $1.74 per share, a year earlier.

Earnings, adjusted for non-recurring costs, were $1.72 per share.

The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.53 per share.

Tupperware's stock added $3.27, or 5.5 percent, to $63.01 before the market open.

The direct seller of plastic storage containers and cosmetics said that revenue declined to $679.9 million from $717.1 million. This still managed to top the $664.3 million that analysts polled by Zacks predicted.

For the year, Tupperware Brands Corp. earned $214.4 million, or $4.20 per share. Adjusted profit was $5.38 per share. Annual revenue totaled $2.61 billion.

Tupperware expects full-year adjusted earnings in a range of $4.90 to $5 per share. It predicts first-quarter adjusted earnings between 98 cents and $1.03 per share.

Analysts polled by FactSet expect full-year earnings of $5.21 per share and first-quarter earnings of $1.12 per share.

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Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TUP at http://www.zacks.com/ap/TUP

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Keywords: Tupperware Brands, Earnings Report