Shares of Consumer goods company Newell Brands (NWL) are rising more than 5% Friday morning after its second quarter earnings beat the consensus estimate.
Normalized net income was $101 million or $0.24 per share, compared with $232 million or $0.56 per share last year.
Analysts on average polled by Thomson-Reuters were expecting earnings of $0.13 per share.
Net income was $18 million or $0.04 per share for the second quarter, significantly lower than $199 million or $0.48 per share in the same quarter a year ago, hurt by lower sales.
Net sales were $2.2 billion, a decline of 13% from the prior year period, but beat the consensus estimate of $2.15 billion.
NWL, currently at $10.79, has traded in the range of $7.80 - $21.55 in the last 1 year.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.