Spectrum Brands Holdings Q3 Adj EPS $0.75 Beats $0.57 Estimate, Sales $735.50M Miss $780.97M Estimate
Portfolio Pulse from Benzinga Newsdesk
Spectrum Brands Holdings (NYSE:SPB) reported Q3 adjusted earnings of $0.75 per share, beating the analyst consensus estimate of $0.57 by 31.58%. However, the company's quarterly sales of $735.50 million missed the analyst consensus estimate of $780.97 million by 5.82%. This represents a 10.09% decrease in sales compared to the same period last year.
August 11, 2023 | 10:30 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Spectrum Brands Holdings reported better than expected Q3 earnings but missed on sales. This mixed report could lead to uncertainty in the market, potentially impacting the company's stock price.
Spectrum Brands reported a strong Q3 earnings per share, beating estimates by 31.58%. However, their sales missed estimates by 5.82%, representing a 10.09% decrease YoY. This mixed performance could create uncertainty among investors, potentially leading to volatility in the company's stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100