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Newell Brands, Inc. Q2 adjusted earnings Beat Estimates

Newell Brands, Inc. (NWL) revealed earnings for second quarter that declined from the same period last year.

The company's earnings came in at $131.7 million, or $0.27 per share. This compares with $223.0 million, or $0.46 per share, in last year's second quarter.

Excluding items, Newell Brands, Inc. reported adjusted earnings of $400.9 million or $0.82 per share for the period.

Analysts had expected the company to earn $0.77 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 13.0% to $2.20 billion from $2.53 billion last year.

Newell Brands, Inc. earnings at a glance:

-Earnings (Q2): $400.9 Mln. vs. $421.9 Mln. last year.
-EPS (Q2): $0.82 vs. $0.87 last year.
-Analysts Estimate: $0.77
-Revenue (Q2): $2.20 Bln vs. $2.53 Bln last year.

-Guidance:
Full year EPS guidance: $2.45 to $2.65
Full year revenue guidance: $8.7 - $9.0 Bln

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