Newell Brands Q2 Adj. EPS $0.24 Beats $0.13 Estimate, Sales $2.20B Beat $2.15B Estimate
Portfolio Pulse from Benzinga Newsdesk
Newell Brands reported Q2 earnings of $0.24 per share, beating the analyst consensus estimate of $0.13 by 84.62%. However, this is a 57.89% decrease from the same period last year. The company also reported quarterly sales of $2.20 billion, beating the estimate of $2.15 billion by 2.37%, but this is a 13.18% decrease from last year.
July 28, 2023 | 11:00 am
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NEUTRAL IMPACT
Newell Brands' Q2 earnings and sales beat estimates but are down from the same period last year.
While Newell Brands beat estimates for Q2 earnings and sales, the decrease from the same period last year could potentially concern investors, leading to a neutral short term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100