ORLANDO, Fla. (AP) _ Tupperware Brands Corp. (TUP) on Tuesday reported first-quarter net income of $47.4 million.
The Orlando, Florida-based company said it had net income of 93 cents per share. Earnings, adjusted for non-recurring costs, came to $1.01 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share.
The direct seller of plastic storage containers and cosmetics posted revenue of $554.8 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $532.8 million.
For the current quarter ending in July, Tupperware expects its per-share earnings to range from $1.17 to $1.22. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.21.
The company expects full-year earnings in the range of $4.67 to $4.77 per share.
Tupperware shares have climbed 25 percent since the beginning of the year. The stock has risen 13 percent in the last 12 months.
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