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Newell Brands Lifts 2018 Normalized EPS View

Newell Brands (NWL) raised its fiscal year 2018 normalized earnings per share outlook to a range of $2.55 to $2.75 from the prior range of $2.45 to $2.65.

The company still expects net sales for 2018 to be in the range of $8.7 billion to $9.0 billion.

Analysts polled by Thomson Reuters expect the company to report earnings of $2.46 per share and revenues of $8.8 billion for fiscal year 2018. Analysts' estimates typically exclude special items.

The company continues to expect second half normalized operating margins of 12.0 percent to 12.4 percent and now expects fourth quarter core sales growth trends to continue to improve on a sequential basis. Core sales in 2018 are calculated on a constant currency basis in line with industry practice and exclude the impact of foreign currency, acquisitions until their first anniversary and planned and completed divestitures.

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