RSS
Hillshire Reports Decline in 2nd Qtr. Profits; Beats Estimate (HSH)
Food company, Hillshire Brands Co(HSH
) reported a drop in Q2 profits, but beat analysts estimates on Thursday.
The Chicago, IL based company reported second quarter earnings of $65 million, or 53 cents per share, compared to $469 million, or $3.94 per share last year. Excluding special items, EPS was 62 cents per share, beating analysts estimate of 47 cents.
Revenue came in at $1.06 billion, missing analysts estimate of $1.08 billion.
Looking ahead, the company expects to see FY2013 earnings in the range of $1.60 to $1.70 per share, up from the company’s previous outlook of $1.40 to $1.55 per share.
Hillshire shares were mostly flat during premarket trading Thursday. The stock has increased 55% in the past year.
The Bottom Line
Shares of Hillshire Brands Co(HSH) have a 1.65% yield, based on Wednesdays closing price of $30.26.
Hillshire Brands Co(HSH) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
FREE Dividend Stock Newsletter
Get the Dividend.com email newsletter to receive:
- A free copy of our acclaimed report, 5 Rules of Winning Dividend Stock Investing
- Free daily investing tips and picks from Dividend.com CEO Paul Rubillo
- Tons of great market analysis and recommendations
MOST POPULAR ARTICLES ON DIVIDEND.COM
ABOUT THIS ARTICLE
THE BEST DIVIDEND STOCKS
Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the 
ADVERTISING PARTNERS
