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Newell Brands Inc. (NWL) Has Dropped To A 2-Month Low After Outlook Lowered

Newell Brands Inc. (NWL) reported second quarter adjusted EPS of $0.82 Monday morning, which topped the consensus estimate of $0.77. The company now expects to report full year EPS of $2.45 to $2.65, down from prior expectations of $2.65 to $2.85.

Newell Brands gapped open lower Monday and has continued to fall in early trade. Shares are now down 2.06 at $24.51. The stock has dropped to a 2-month low.

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