Why Tupperware Stock Shot Up 40% Today

Shares of home and beauty product supplier Tupperware Brands (NYSE: TUP) jumped 40% early today, and remained near that level as of 11:40 a.m. EDT. The company crushed analyst estimates with strong earnings and revenue gains. 

Tupperware reported adjusted earnings of $1.20 per share, almost quadruple its earnings from the year-ago period. Revenue rose 14% (21% in local currency) to $477.2 million, well above analyst estimates of $362.8, according to FactSet. The company credits its turnaround plan for the strong performance.

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Source Fool.com