Nov 7 (Reuters) - Saputo Inc SAP.TO :
* FINANCIAL RESULTS FOR FISCAL 2020 SECOND QUARTER ENDED SEPTEMBER 30, 2019
* Q2 ADJUSTED EARNINGS PER SHARE C$0.47
* Q2 EARNINGS PER SHARE C$0.44
* Q2 REVENUE C$3.666 BILLION VERSUS REFINITIV IBES ESTIMATE OF C$3.82 BILLION
* Q2 EARNINGS PER SHARE ESTIMATE C$0.43 -- REFINITIV IBES DATA
* IN FISCAL 2020, CONTINUES TO EXPECT ITS BUSINESS OPERATIONS TO DELIVER SLIGHTLY HIGHER ADJUSTED EBITDA WHEN COMPARED TO FISCAL 2019
* SAPUTO - EXPECTS TO CONTINUE FACING HEADWINDS RELATING TO COMPETITIVE MARKET CONDITIONS IN USA, VOLATILE ECONOMIC CONDITIONS IN ARGENTINA IN FY2020
* SAPUTO - IN AUSTRALIA, THE COMPANY IS IMPLEMENTING ALTERNATE MEASURES TO COMPENSATE FOR INCREASED COMPETITION AND LOWER RAW MILK PRODUCTION
* IN FISCAL 2020, CO IS CAUTIOUSLY OPTIMISTIC ABOUT IMPROVED CHEESE MARKET CONDITIONS IN USA
* EXPECTS TO CONTINUE FACING HEADWINDS RELATING TO VOLATILITY IN INTERNATIONAL SELLING PRICES OF CHEESE & DAIRY INGREDIENTS IN FY2020
* USA DAIRY INGREDIENTS MARKET IS EXPECTED TO REMAIN VOLATILE UNTIL FIRST HALF OF CALENDAR 2020
* SAPUTO - EXPECTS PRICES TO REMAIN RELATIVELY STABLE IN INTERNATIONAL CHEESE & DAIRY INGREDIENTS MARKETS UNTIL END OF FIRST HALF OF CALENDAR 2020