Newell Brands Q2 2024 Adj EPS $0.36 Beats $0.21 Estimate, Sales $2.030B Miss $2.046B Estimate
Portfolio Pulse from Benzinga Newsdesk
Newell Brands (NASDAQ:NWL) reported Q2 2024 adjusted EPS of $0.36, beating the estimate of $0.21 by 71.43%. However, sales of $2.030 billion missed the $2.046 billion estimate and were down 7.89% year-over-year.
July 26, 2024 | 11:01 am
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Newell Brands reported strong Q2 2024 EPS of $0.36, significantly beating estimates, but sales missed slightly and were down year-over-year.
The significant EPS beat is a positive indicator for the stock, suggesting strong profitability. However, the slight miss in sales and the year-over-year decline may temper some of the enthusiasm. Overall, the positive earnings surprise is likely to have a more substantial impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100