Jarden sees profit, sales meeting or topping view

By @ibtimes on

Jarden Corp , maker of Sunbeam appliances and other home products, expects to meet or exceed analysts' expectations for profit and sales when it reports second-quarter results later this week.

Jarden, which has benefited as consumers seek lower-priced goods in the recession, said it expected to meet or exceed analysts' consensus estimates for earnings per share. It also expects second-quarter revenue to be in line with or slightly better than analysts' consensus estimates.

Analysts on average expect Jarden to post a second-quarter profit of 55 cents per share on $1.25 billion in revenue, according to Reuters Estimates.

Jarden, whose other products include Mr. Coffee coffee makers and Bicycle playing cards, plans to release second-quarter results on July 22.

Shares of Jarden rose to $21.33 after closing at $21.00 on Friday.

(Reporting by Jessica Wohl; Editing by Lisa Von Ahn)

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