RTTNews | May 5, 2021 08:06AM EDT

08:05 Wednesday, May 5, 2021 (RTTNews.com) - Shares of Tupperware Brands Corporation (TUP) are up more than 7% in pre market after reporting upbeat first-quarter results.

The company reported net earnings of $45.3 million or $0.85 per share in the first quarter compared with net loss of$7.8 million or $0.16 per share in the same period last year.

Excluding items, adjusted earnings were $0.82 per share, that beat the average estimate of analysts polled by Thomson Reuters at $0.54 per share.

Revenue for the quarter increased 22% to $460.3 million from $375.9 million in the same period last year. the consensus estimate was for $434.05 million.

TUP was down 2.16% on Tuesday, before closing at $24.02. The stock is currently at $25.85

Read the original article on RTTNews ( https://www.rttnews.com/3191870/stock-alert-tupperware-brands-corporation-up-7-in-pre-market-following-upbeat-q1-results.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved