Tupperware Brands Q3 Profit, Revenue Down - Quick Facts

(RTTNews) - Tupperware Brands Corp. (TUP) Wednesday said third-quarter net income dropped to $32.3 million from $49.9 million in the prior year. Earnings per share declined to $0.63 from $0.95.

Adjusted earnings per share totaled $0.90, while it was $1.00 last year. On average, 8 analysts polled by Thomson Reuters expected earnings of $0.91 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales fell to $588.7 million from $603.2 million in the prior year. Analysts expected revenues of $590.16 million.

For the fourth-quarter, adjusted earnings per share are expected in the range of $1.55 to $1.60, compared to $1.81 reported last year. Local currency sales growth is projected to be 3 to 5 percent. Analysts expect earnings of $1.70 per share.

Full year adjusted earnings per share are estimated to be between $5.21 and $5.26, compared to $5.43 reported in 2013. Sales growth is seen in the range of 4 to 5 percent. Wall Street projects earnings of $5.39 per share.