The company is lowering its full year 2011 adjusted EPS guidance as a result to a range of $2.90 to $3.00, vs. consensus estimates of $3.07 per share, and sees Q2 EPS of $0.42 to $0.44.
Sam K. Reed, Chairman and CEO, said, "While we are encouraged by our ongoing top line strength, I am disappointed that we are delivering results below our expectations.
TreeHouse Foods (NYSE:THS) announced that the lag in the company's pricing actions in response to higher freight, transportation, packaging and other related commodity costs has continued and is expected to be most acute during Q2
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...
The Wall Street Journal reports that home prices showed their best year-to-date gains since 2005, up 5.9% through July, signaling the housing market's steady march toward recovery. Also from the Wall Street Journal, IBM (IBM) will increase its efforts to sell so-called cloud computing services...
CEO Marissa Mayer is bringing in some more new blood to Yahoo!, tapping Ken Goldman as the company's new Chief Financial Officer. Goldman's appointment will take effect on October 22nd.
Goldman served as CFO at his most recent employer, Fortinet, having worked at Siebel Systems, Sybase,...