DOWNERS GROVE (dpa-AFX) - Sara Lee Corp. (SLE) reported a drop in its second-quarter net income attributable to the company to $468 million or $0.79 per share from $831 million or $1.30 per share last year, while adjusted earnings per share from continuing operations rose to $0.27 from $0.21 a year ago. Net sales on continuing operations totaled $2.08 billion compared with $1.96 billion in the earlier year quarter. On average, 11 analysts polled by Thomson Reuters expected earnings per share of $0.25 on revenue of $2.14 billion for the quarter. Analysts' estimates typically exclude one-time items. For fiscal 2012, the company still expects adjusted earnings in a range of $0.89 to $0.95 per share and net sales of $7.9 billion to $8.15 billion, while analysts estimate earnings per share of $0.92 on revenue of $8.19 billion for the full year.
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