Tupperware Shares Climb After Results

CHICAGO (AP) — Shares of Tupperware Brands Corp. climbed Wednesday, a day after the household products maker posted a better-than-expected first-quarter profit and forecast second-quarter and full-year results above Wall Street estimates.

Shares of the Orlando, Fla.-based company rose $3.39, or 15.9 percent, to $24.75 in midday trading Wednesday, after climbing as high as $26.38 earlier in the session.

Tupperware, which makes beauty products as well as its namesake food storage containers, reported Tuesday that it earned $25.6 million, or 41 cents per share, during the three months that ended March 28.

That's 20 percent lower than the previous year's results of $32.1 million, or 51 cents per share. Excluding one-time items, the company earned 47 cents per share — beating the 34 cents per share that analysts surveyed by Thomson Reuters expected.

Sales declined to $462.8 million from $543.4 million.

Jefferies & Co. analyst Douglas M. Lane said the company's sales were in line with his forecasts.