Hillshire Brands Q2 Profit From Cont. Ops. Doubles - Quick Facts

(RTTNews) - Hillshire Brands Co. (HSH) reported second-quarter net income from continuing operations of $114 million or $0.91 per share, higher than $58 million or $0.47 per share in the prior-year quarter.

Adjusted income from continuing operations was $0.66 per share, compared to $0.62 per share last year.

On average, eight analysts polled by Thomson Reuters expected the company to report profit of $0.50 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter grew 2.1 percent to $1.08 billion from $1.06 billion in the same quarter last year. Analysts expected revenue of $1.07 billion for the quarter.

Looking ahead to fiscal 2014, Hillshire Brands now expects adjusted earnings to be near the high end of the previous range of flat to down mid-single digits. However, the company continues to expect sales for the full year to increase slightly.

Street is currently looking for full-year 2014 earnings of $1.67 per share, on annual revenues of $1.92 billion.