October 22, 2014 10:54 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Shares of Tupperware Brands (NYSE: TUP) dropped more than 8% after the company reported downbeat third-quarter earnings and issued a weak forecast.For the year, the company now expects earnings of $5.21 to $5.26 per share, versus its earlier forecast of $5.40 to $5.50 per share. Analysts expected earnings of $5.39 per share.Tupperware expects Q4 earnings of $1.55 to $1.60 per share, versus analysts' estimates of $1.70 per share.The Orlando, Florida-based company posted a quarterly profit of $32.3 million, or $0.63 per share, versus a year-ago profit of $49.9 million, or $0.95 per share. Excluding items, the company earned $0.90 per share. The company in July had expected earnings of $0.89 to$0.94 per share.Its revenue dropped 2.4% to $589 million, while sales rose 4% in local currency. However, analysts were estimating earnings of $0.92 per share on revenue of $590.51 million.Sales for Tupperware North America segment climbed 6% in local currency, while sales for Beauty North America segment declined 6% in local currency. Sales for South America segment climbed 25% in local currency.Sales in emerging markets climbed 8% in local currency, while sales in established markets dropped 4% in local currency. Cash flow from operating and investing activities slipped to $31 million from $37 million.Rick Goings, Chairman and CEO said, "Our business model, with its four pillars: innovative premium products; an entertaining selling situation, or party; a compelling sales force earning opportunity; and leveraging of direct-to-consumer fundamentals, driven by our 2.9 million global sales force, is well positioned to deliver sales and profit growth."Tupperware shares dropped 8.74% to $65.17 at 10:30 a.m. ET.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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