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Newell Brands Rallying On Upbeat Q3 Earnings, Guidance

Shares of Newell Brands Inc. (NWL) have shown a significant move to the upside during trading on Friday, soaring by 13.8 percent. Newell Brands is climbing further off the nine-year closing low set on Monday.

The jump by Newell Brands comes after the maker of products like Sharpie pens and Elmer's Glue reported third quarter adjusted earnings of $0.81 per share compared to analyst estimates for $0.64 per share.

Newell Brands also raised its full-year earnings forecast to $2.55 to $2.75 per share from $2.45 to $2.65 per share.

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