Tupperware Brands posts 1Q profit, results beat Wall Street estimates

StocksAssociated Press

Tupperware Brands Corp. (TUP) on Wednesday reported first-quarter earnings of $29.5 million.

The Orlando, Florida-based company said it had profit of 59 cents per share. Earnings, adjusted for non-recurring costs, came to $1.02 per share.

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The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 98 cents per share.

The direct seller of plastic storage containers and cosmetics posted revenue of $581.8 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $579.8 million.

For the current quarter ending in June, Tupperware expects its per-share earnings to range from $1.14 to $1.19. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.21.

The company expects full-year earnings in the range of $4.60 to $4.70 per share.

Tupperware shares have risen 11 percent since the beginning of the year. The stock has dropped 19 percent in the last 12 months.

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This story was 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