Newell Brands Expects FY24 Revenue Decline Of 8% To 5%; Adj EPS Of $0.52 To $0.62 Vs. $0.77 Est.
Portfolio Pulse from Benzinga Newsdesk
Newell Brands forecasts a revenue decline of 8% to 5% for FY24, with adjusted EPS ranging from $0.52 to $0.62, compared to the estimated $0.77.
February 09, 2024 | 12:07 pm
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Newell Brands anticipates a significant revenue decline and a lower adjusted EPS for FY24 than previously estimated.
The projected decline in revenue and lower-than-expected adjusted EPS for FY24 are likely to negatively impact investor sentiment and the stock price of Newell Brands in the short term. The significant deviation from the estimated EPS suggests potential challenges ahead for the company, influencing its stock performance.
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