Friday, August 02, 2002 1:40:00 PM
Net Earnings fall, Revenues Up
CHICAGO, Aug 1 (Reuters) - Consumer goods maker Sara Lee Corp. (SLE,Trade) on Thursday said quarterly net earnings fell as the company posted a gain in the year-earlier quarter.
The maker of Ball Park hot dogs, Playtex bras and Kiwi shoe polish said it earned $351 million, or 43 cents a share, in the fiscal fourth quarter ended June 29, compared with $973 million, or $1.19 a share, a year earlier.
Before one-time items, the company earned 42 cents a share in the latest quarter. Chicago-based Sara Lee was expected to earn 40 cents to 43 cents a share, with an average estimate of 42 cents, according to research by Thomson First Call. In April Sara Lee said it expected earnings of 41 cents to 44 cents a share.
Revenue rose to $4.5 billion from $3.9 billion.
http://clearstation.etrade.com/cgi-bin/bbs?post_id=3493433
Sara
Sprint PCS... NOT free and NOT clear!
CHICAGO, Aug 1 (Reuters) - Consumer goods maker Sara Lee Corp. (SLE,Trade) on Thursday said quarterly net earnings fell as the company posted a gain in the year-earlier quarter.
The maker of Ball Park hot dogs, Playtex bras and Kiwi shoe polish said it earned $351 million, or 43 cents a share, in the fiscal fourth quarter ended June 29, compared with $973 million, or $1.19 a share, a year earlier.
Before one-time items, the company earned 42 cents a share in the latest quarter. Chicago-based Sara Lee was expected to earn 40 cents to 43 cents a share, with an average estimate of 42 cents, according to research by Thomson First Call. In April Sara Lee said it expected earnings of 41 cents to 44 cents a share.
Revenue rose to $4.5 billion from $3.9 billion.
http://clearstation.etrade.com/cgi-bin/bbs?post_id=3493433
Sara
Sprint PCS... NOT free and NOT clear!
Sara
"I never give them hell. I just tell the truth and they think it's hell." - Harry Truman
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