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Non-Tech : Smart Balance (SMBL) A smart and balanced investment!
SMBL 6.520-7.9%May 15 5:00 PM EST

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From: Glenn Petersen8/2/2012 12:40:35 PM
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InPlay 8:37AM Smart Balance reports EPS in-line, misses on revs, increases FY12 revenue guidance due to Udi Healthy Food acquisition ( SMBL) 9.50 : Reports Q2 (Jun) earnings of $0.05 per share, in-line with the Capital IQ Consensus Estimate consensus of $0.05; revenues rose 28.8% year/year to $76 mln vs the $77.44 mln consensus. With the acquisition of Udi's Healthy Foods, LLC expected to benefit SMBL's results beginning in the third quarter, the company increased its 2012 outlook and provided a preliminary outlook for 2013. Co now sees FY12 revs of $360-$370 mln, up from prior guidance of $320-$330 mln, and may not compare to $336.3 mln consensus. Sees gross margin of 42-44%. For FY13, company revs of $440-450 mln, may not compare to $374.4 mln consensus, and operating income to be in the range of $70-$75 mln.

The press release:

finance.yahoo.com
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