TreeHouse Foods Slips 12.5% as Markets Opened; Expects Q4 EPS to Miss Estimates; Slashes FY11 EPS Outlook Below Street View

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TreeHouse Foods ( THS ) is down 12.5% after slipping more than 12% in pre-bell trading, when the company issued Q4 guidance below Street estimates.

THS said that due to lower-than-anticipated December sales volumes, it expects Q4 adjusted earnings to be $0.84 to $0.87 per fully diluted share. This is a 7% decline compared to $0.80 per fully diluted shares in the same period last year.

The company has consequently lowered its FY11 EPS outlook, now expecting adjusted earnings to be between $2.70 and $2.73 per fully diluted share, below the previous guidance of $2.90 to $3.00 per fully diluted share.

Analysts polled by Thomson Reuters are expecting Q4 EPS of $1.07 and FY11 EPS of $2.94.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: THS

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