Jarden says Q1 earnings on target
-
- April
- 15
Jarden Corp. said today it expects to meet or exceed earnings estimates for the first quarter.
Analysts predict the Rye-based company will earn 20 cents a share for the quarter that ended March 31, based on a consensus estimate of five analysts provided by Zacks Investment Research.
The maker of appliances and other consumer products reported net sales for the quarter of $1.2 billion, an increase of about 47 percent above the same period last year.
Jarden said its best-performing unit was its outdoor-products unit, K2, which it acquired last year. Other business segments saw a decline, it said.
Jarden products include familiar household names such as Mr. Coffee and Sunbeam appliances, Ball canning goods, and Bicycle and Bee brands of playing cards.
Jarden is scheduled to report its first-quarter earnings May 8.
Shares of the company fell 65 cents to $20.66 each in trading today.
This entry was posted
on Tuesday, April 15th, 2008 at 3:44 pm by David Schepp.
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