Filed under: Major movement, Earnings reports, Forecasts, Bad news, Products and services, Competitive strategy, Sara Lee Corp (SLE), Commodities

Shares of consumer goods giant Sara Lee (NYSE: SLE) have been taking a beating today after the company failed to meet analyst estimates for its fiscal third quarter.

At first glance, it looked like a fantastic quarter for the company, as profit rose by a remarkable 82%, but things start to look less than rosy once we take a closer look. Analysts had been expecting to see the company show earnings during the quarter of 24 cents a share, and were disappointed to see the company come in below this, with only 22 cents a share.

This is the second quarter in a row in which the company posted weaker than expected earnings, and is quickly erasing the progress that the stock has been making since the beginning of March.

Continue reading Sara Lee (SLE) gets hit by volatile commodity prices

Permalink | Email this | Comments

Via [bloggingstocks]

Share This

This entry was posted on Tuesday, May 6th, 2008 at 11:17 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.