Newell Brands, Inc. (NWL) reported earnings for fourth quarter that declined from last year.
The company's bottom line totaled $127 million, or $0.30 per share. This compares with $794 million, or $1.87 per share, in last year's fourth quarter.
Excluding items, Newell Brands, Inc. reported adjusted earnings of $238 million or $0.56 per share for the period.
Analysts had expected the company to earn $0.48 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 2.7% to $2.69 billion from $2.62 billion last year.
Newell Brands, Inc. earnings at a glance:
-Earnings (Q4): $238 Mln. vs. $180 Mln. last year.-EPS (Q4): $0.56 vs. $0.42 last year.-Analysts Estimate: $0.48 -Revenue (Q4): $2.69 Bln vs. $2.62 Bln last year.
-Guidance:Next quarter EPS guidance: $0.12 to $0.14Next quarter revenue guidance: $2.04 to $2.08 Bln
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