Newell Brands shares are trading lower after the company reported mixed Q3 financial results and cut FY23 adjusted EPS and revenue guidance.
Portfolio Pulse from Benzinga Newsdesk
Newell Brands reported mixed Q3 financial results and reduced its FY23 adjusted EPS and revenue guidance, leading to a drop in its share price.
October 27, 2023 | 12:37 pm
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Newell Brands' stock is trading lower due to mixed Q3 results and a cut in FY23 adjusted EPS and revenue guidance.
Newell Brands' mixed Q3 results and reduced FY23 forecast are likely to negatively impact investor sentiment, leading to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100