Newell Brands, Inc. Q3 adjusted earnings Beat Estimates

Newell Brands, Inc. (NWL) released earnings for third quarter that dropped from the same period last year.

The company's bottom line came in at $190 million, or $0.44 per share. This compares with $304 million, or $0.71 per share, in last year's third quarter.

Excluding items, Newell Brands, Inc. reported adjusted earnings of $231 million or $0.54 per share for the period.

Analysts had expected the company to earn $0.50 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.3% to $2.79 billion from $2.70 billion last year.

Newell Brands, Inc. earnings at a glance:

-Earnings (Q3): $231 Mln. vs. $356 Mln. last year.
-EPS (Q3): $0.54 vs. $0.84 last year.
-Analysts Estimate: $0.50
-Revenue (Q3): $2.79 Bln vs. $2.70 Bln last year.

Next quarter EPS guidance: $0.29 to $0.33
Next quarter revenue guidance: $2.60 to $2.68 Bln
Full year EPS guidance: $1.69 to $1.73
Full year revenue guidance: $10.38 to $10.46 Bln

For comments and feedback contact: editorial@rttnews.com

Follow RTT