Newell Brands Q3 Adj EPS $0.39 Beats $0.23 Estimate, Sales $2.05B Miss $2.12B Estimate
Portfolio Pulse from Benzinga Newsdesk
Newell Brands reported Q3 adjusted earnings of $0.39 per share, beating the analyst consensus estimate of $0.23 by 69.57%. However, the company's quarterly sales of $2.05 billion missed the analyst consensus estimate of $2.12 billion by 3.40%. This represents a 26.42% decrease in earnings and a 9.06% decrease in sales compared to the same period last year.
October 27, 2023 | 11:03 am
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NEUTRAL IMPACT
Newell Brands' Q3 earnings beat estimates but sales missed, indicating mixed performance. Earnings and sales are down compared to last year.
Newell Brands' Q3 earnings beat estimates, which is positive for the stock. However, the company's sales missed estimates and both earnings and sales are down compared to last year, which could negatively impact the stock. The net effect could be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100