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.
-Guidance:
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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