News / Business
Hot Stocks - (NYSE:SLE) Tops Estimates By wide margin
Hot Stocks
Subscribe to FREE Stock Market News Alerts by visiting: http://www.PennyStockPickReport.com
Sara Lee Corp. (NYSE:SLE) rose 2.63% to $11.70 after it said Thursday that first-quarter earnings were $284 million, or 41 cents a share, compared to $230 million, or 32 cents a share, in the same period a year ago. On a continuing-operations basis, earnings per share were steady at 27 cents a share. Sales fell to $2.59 billion compared to $2.79 billion. Analysts polled by FactSet Research estimated, on average, earnings per share of 19 cents and sales of $3.17 billion. The food-and-beverage company raised its 2010 adjusted earnings-per-share forecast to a range of 90 cents to 96 cents. Fact Set analysts' forecast averaged 91 cents for 2010.
Sara Lee Corporation (Sara Lee) is a global manufacturer and marketer of brand-name products for consumers throughout the world focused primarily on the meats, bakery, beverage and household products categories.
Penny Stock Pick Report alerts investors on Top Stocks that would help investors to generate higher than average returns. These include various types of stocks with huge volume, penny stocks that are moving to the upside quickly, penny stocks with buy signals and companies with news. Our regular Stock Alerts, Penny Stock Trading Alerts helps investors to achieve incredible results in a short amount of time and our members have made remarkable profits of over 100%.
