WhiteWave Foods (WWAV) Tops Q2 EPS by 1c
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WhiteWave Foods Reports Strong Second Quarter 2016 Results
August 9, 2016 9:03 AM EDTReported and Constant Currency Net Sales Increased 14%Reported Operating Income Increased 31%; Adjusted Constant Currency Operating Income Increased 26% Behind Further Operating Margin ExpansionReported Diluted Earnings Per Share Increased 38% to $0.29; Adjusted Diluted Earnings per Share, Excluding China Joint Venture Investments, Increased 24% to $0.32Reiterating Full Year 2016 Adjusted Diluted Earnings Per Share Guidance1 of $1.38 to $1.41 and Increasing Constant Currency Adjusted Diluted Earnings Per Share Guidance1 to $1.43 to $1.46, Excluding China Joint Venture InvestmentsEntered Into a Definitive Merger Agreement on July 6, 2016, with Danone for WhiteWave to be Acquired for $56.25 Per Share... More
