Newell Brands, Inc. Q3 Profit Decreases, but beats estimates

Newell Brands, Inc. (NWL) released earnings for third quarter that decreased from the same period last year but beat the Street estimates.

The company's bottom line totaled $31 million, or $0.07 per share. This compares with $190 million, or $0.44 per share, in last year's third quarter.

Excluding items, Newell Brands, Inc. reported adjusted earnings of $220 million or $0.53 per share for the period.

Analysts on average had expected the company to earn $0.46 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 19.2% to $2.252B from $2.787 billion last year.

Newell Brands, Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $31 Mln. vs. $190 Mln. last year.
-EPS (Q3): $0.07 vs. $0.44 last year.
-Analyst Estimates: $0.46
-Revenue (Q3): $2.252B vs. $2.787 Bln last year.

Next quarter EPS guidance: $0.09 to $0.14
Next quarter revenue guidance: $2.18 Bln-$2.26 Bln
Full year EPS guidance: $1.56 to $1.61
Full year revenue guidance: $9.35 Bln-$9.43 Bln

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