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Newell Brands: 1Q Earnings Snapshot
HOBOKEN, N.J. (AP) _ Newell Brands Inc. (NWL) on Friday reported a first-quarter loss of $151.2 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Hoboken, New Jersey-based company said it had a loss of 36 cents. Earnings, adjusted for one-time gains and costs, came to 14 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The consumer products company posted revenue of $1.71 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $1.69 billion.
For the current quarter ending in July, Newell Brands expects its per-share earnings to range from 34 cents to 38 cents.
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https://finance.yahoo.com/news/newell-br...20790.html
![[Bild: NWLc1dl1644.png]](https://finviz.com/publish/050319/NWLc1dl1644.png)
HOBOKEN, N.J. (AP) _ Newell Brands Inc. (NWL) on Friday reported a first-quarter loss of $151.2 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Hoboken, New Jersey-based company said it had a loss of 36 cents. Earnings, adjusted for one-time gains and costs, came to 14 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The consumer products company posted revenue of $1.71 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $1.69 billion.
For the current quarter ending in July, Newell Brands expects its per-share earnings to range from 34 cents to 38 cents.
...
https://finance.yahoo.com/news/newell-br...20790.html
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