Spectrum Brands Holdings Q1 Adj $0.78 Beats $0.43 Estimate, Sales $692.20M Beat $673.86M Estimate
Portfolio Pulse from Benzinga Newsdesk
Spectrum Brands Holdings (NYSE:SPB) reported Q1 earnings of $0.78 per share, surpassing the $0.43 estimate, marking an 81.4% beat and a significant turnaround from last year's $(0.32) loss per share. Sales reached $692.20M, exceeding the $673.86M forecast by 2.72%, despite a 2.96% decrease from last year's $713.30M.
February 08, 2024 | 11:45 am
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Spectrum Brands Holdings reported a significant beat on both earnings and sales estimates for Q1, with earnings per share at $0.78 against a $0.43 estimate and sales of $692.20M against a $673.86M estimate.
The substantial beat on both earnings per share and sales estimates for Q1 indicates a strong financial performance and operational efficiency, likely leading to positive investor sentiment and potential stock price appreciation in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100