This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Fortune Brands Reports Third Quarter Results 2009-10-23 07:37 ET - News Release - Each Business Unit Performs At or Above Company’s Expectations
- Company Benefiting from Successful New Products, Cost Containment
and Cash Enhancement Initiatives
- Raising Bottom End of Full-Year Earnings Target Range
DEERFIELD, Ill. -- (Business Wire)
Fortune Brands, Inc. (NYSE: FO), the company behind leading consumer
brands including Jim Beam, Titleist and Moen, today reported results for
the third quarter of 2009. Net sales for the third quarter were $1.72
billion, down 11%, reflecting flat sales for the company’s spirits
business, and more moderate revenue decreases for the golf and home
products brands. Diluted earnings per share were $0.82, and excluding
one-time items, diluted EPS before charges/gains was $0.77.
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