AP NEWS

Tupperware: 4Q Earnings Snapshot

January 30, 2019

ORLANDO, Fla. (AP) _ Tupperware Brands Corp. (TUP) on Wednesday reported fourth-quarter net income of $17.3 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Orlando, Florida-based company said it had profit of 35 cents. Earnings, adjusted for non-recurring costs, came to $1.33 per share.

The direct seller of plastic storage containers and cosmetics posted revenue of $505.9 million in the period.

For the year, the company reported net income of $155.9 million, or $3.11 per share, swinging to a profit in the period. Revenue was reported as $2.07 billion.

For the current quarter ending in April, Tupperware expects its per-share earnings to range from 90 cents to 95 cents.

The company expects full-year earnings in the range of $4.06 to $4.21 per share.

Tupperware shares have increased 21 percent since the beginning of the year. The stock has decreased 40 percent in the last 12 months.

_____

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 https://www.zacks.com/ap/TUP

AP RADIO
Update hourly