Jarden Corp. profit rises; shares fall on view

(Recasts, updates with conference call details, share price, estimates)

NEW YORK, July 30 (Reuters) - Jarden Corp. (JAH.N: Quote, Profile, Research, Stock Buzz) said on Monday its second-quarter profit rose on higher sales, but gave a cautious outlook for the rest of the year citing weaker consumer spending, sending shares down nearly 7 percent.

While Jarden did not lower any of its specific outlook numbers, it was going to be "somewhat cautious" for the rest of the year and not"... overly aggressive on inventory positions and things like that," Chief Executive Martin Franklin said in a conference call.

The Rye, New York-based company, which sells brands such as Mr. Coffee, Sunbeam, Crock-Pot and Coleman, said its second-quarter net income rose to $16.7 million, or 23 cents a share, from $13.3 million, or 20 cents, a year earlier.

Net sales rose 9 percent, to $1.05 billion.

Wall Street analysts, on average, said the company would earn 58 cents per share, which included acquisition costs related to buying Pure Fishing Inc., and other reorganizational costs, according to Reuters Estimates.

Including these items, the company earned 59 cents per share -- a penny above the average expectations of four analysts polled by Reuters Estimates. Franklin had said previously that second-quarter earnings would meet or top Wall Street's view.

"The performance of the core Jarden businesses remained strong in the first half of the year with growth being led by our international and specialty units," Franklin said.