Getting your Trinity Audio player ready...
Downbeat forecast: Quaker Oats Co. said its earnings for the third quarter ended March 31 could be 10 to 15 percent below last year`s 82 cents a share. The company said the earnings decline is primarily due to lower volumes for its ready-to-eat cereals and Gatorade Thirst Quencher businesses, as well as higher marketing expenditures. The Chicago-based food giant also said its board has authorized the repurchase of up to 2 million outstanding common shares.
