Newell Brands Q1 2024 Adj EPS $(0.00) Beats $(0.07) Estimate, Sales $1.653B Beat $1.644B Estimate
Portfolio Pulse from Benzinga Newsdesk
Newell Brands (NWL) reported Q1 2024 adjusted EPS of $(0.00), beating the $(0.07) estimate, with sales of $1.653B surpassing the $1.644B estimate. This represents a significant improvement in EPS from the previous year, though sales have decreased by 8.42% compared to the same period last year.

April 26, 2024 | 11:03 am
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Newell Brands reported a significant beat on EPS estimates and a slight beat on sales forecasts for Q1 2024, showing improved profitability but decreased sales year-over-year.
Beating both EPS and sales estimates typically leads to a positive market reaction as it indicates better-than-expected financial health and operational efficiency. The significant improvement in EPS, in particular, suggests a strong turnaround in profitability, which is likely to be viewed positively by investors. However, the decrease in sales year-over-year might temper some of the enthusiasm, indicating potential challenges in revenue growth.
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