Tumi Q2 Profit Rises, Cuts FY13 Forecast - Quick Facts

(RTTNews) - Tumi Holdings, Inc. (TUMI) second-quarter profit of $11.2 million or $0.16 per share, up from $6.5 million or $0.10 per share in the same period last year.

Adjusted earnings for the quarter was $12.1 million or $0.18 per share. On average, eight analysts polled by Thomson Reuters expected the company to earn $0.19 per share for the quarter. Analysts' estimates typically exclude special items.

Sales improved 12.9 percent to $108.2 million from $95.8 million last year. Analysts expected revenues of $114.03 million.

Looking ahead, the company has lowered its adjusted earnings outlook to a range of $0.76 to $0.82 per share, from its prior guidance range of $0.82 to $0.86 per share. Analysts currently expect full-year earnings of $0.87 per share.