Newell Brands shares are trading lower after the company reported Q4 financial results and issued weak Q1 and FY23 guidance.
Portfolio Pulse from Benzinga Newsdesk
Newell Brands' shares dropped following the announcement of their Q4 financial results, accompanied by a weaker than expected guidance for Q1 and the full year 2023.
February 09, 2024 | 3:45 pm
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Newell Brands' stock price declined due to disappointing Q4 financial results and lower than anticipated guidance for Q1 and FY23.
The announcement of weaker than expected Q4 financial results and guidance for Q1 and FY23 directly impacts investor sentiment towards Newell Brands, likely leading to a decrease in stock price in the short term.
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