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Newell Brands Q3 Normalized Earnings, Revenue Decline; 2024 Earnings Outlook Raised
Newell Brands Inc (NWL) reported Q3 normalized earnings Friday of $0.16 per diluted share, down from $0.37 a year earlier.
Analysts polled by Capital IQ expected $0.16.
Net sales for the quarter ended Sept. 30 were $1.95 billion, down from $2.05 billion a year earlier.
Analysts surveyed by Capital IQ expected $1.96 billion.
For Q4, the company expects normalized EPS of $0.11 to $0.14. Analysts polled by Capital IQ expect $0.13. Net sales for the quarter are expected to drop by 4% to 7%.
For full-year 2024, the company now expects normalized EPS of $0.63 to $0.66, up from its prior outlook of $0.60 to $0.65. Analysts polled by Capital IQ expect $0.64. Net sales for the year are expected to decline by 6% to 7%.
Analysts polled by Capital IQ expected $0.16.
Net sales for the quarter ended Sept. 30 were $1.95 billion, down from $2.05 billion a year earlier.
Analysts surveyed by Capital IQ expected $1.96 billion.
For Q4, the company expects normalized EPS of $0.11 to $0.14. Analysts polled by Capital IQ expect $0.13. Net sales for the quarter are expected to drop by 4% to 7%.
For full-year 2024, the company now expects normalized EPS of $0.63 to $0.66, up from its prior outlook of $0.60 to $0.65. Analysts polled by Capital IQ expect $0.64. Net sales for the year are expected to decline by 6% to 7%.
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