Tupperware Shares Up
LOS ANGELES, April 25 (Reuters) - Tupperware Brands Corp. (TUP.N: Quote, Profile, Research posted higher quarterly net profit on Wednesday that beat Wall Street estimates, helped by strong sales in Japan, the United States and in emerging markets.
The company also raised its full-year earnings forecast and its shares rose 6 percent in extended trading.
Known best for its food storage containers sold at in-home parties, Tupperware said net income in the first quarter was $19.6 million, or 32 cents a share, from $16.0 million, or 26 cents a share in the year-ago quarter.
Sales rose 8 percent in the quarter to $456.9 million. Strength in the U.S., Japanese, Australian and South African markets outweighed weak performance in Germany, the company said.
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