UPDATE: Tupperware Posts Rise In Q4 Profit, Issues Weak Guidance

Tupperware Brands

reported a 20% gain in its fourth-quarter earnings and issued weak outlook. For the year, Tupperware expects earnings of $5.51 to $5.66 per share, versus analysts' estimates of $6.02 per share. For the current quarter, it expects earnings of $1.13 to $1.18 per share on revenue drop of 1% to 3%. However, analysts estimated a profit of $1.27 per share on revenue growth of 2%. Tupperware's quarterly profit surged to $89.7 million, or $1.74 per share, from a year-ago profit of $74.5 million, or $1.34 per share. Excluding special items, it earned $1.81 per share. Its revenue rose 0.9% to $717 million. Tupperware had expected a profit of $1.83 to $1.88 per share on revenue growth of 2% to 4%. Tupperware shares declined 2% to $79.00 in pre-market trading.