Smart Balance, Inc. (SMBL) Tops Q2 EPS by 2c, Raises FY11 Guidance
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Smart Balance, Inc. (NASDAQ: SMBL) reported Q2 EPS of $0.06, $0.02 better than the analyst estimate of $0.04. Revenue for the quarter came in at $59.02 million versus the consensus estimate of $58.55 million.
The Company now expects 2011 net sales will grow in the 10% to 12% range and cash operating income in the 12% to 14% range. This compares to the prior outlook of net sales in the mid-single-digit range and cash operating income in the high-single-digit range versus year-ago.
The Company now expects 2011 net sales will grow in the 10% to 12% range and cash operating income in the 12% to 14% range. This compares to the prior outlook of net sales in the mid-single-digit range and cash operating income in the high-single-digit range versus year-ago.
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