Newell Brands Q3 Outlook: Adj. EPS $0.14-$0.17 Vs. $0.20 Estimate, Revenue Decline 6%-4%
Portfolio Pulse from Benzinga Newsdesk
Newell Brands has provided its Q3 2024 outlook, forecasting an adjusted EPS of $0.14-$0.17, below the $0.20 estimate, and a revenue decline of 6%-4%. The company also raised its full-year 2024 outlook.
July 26, 2024 | 11:06 am
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Newell Brands' Q3 2024 outlook shows a lower-than-expected adjusted EPS of $0.14-$0.17 compared to the $0.20 estimate, and a revenue decline of 6%-4%. This could negatively impact the stock price in the short term.
The lower-than-expected EPS and revenue decline indicate potential financial struggles, which could lead to a negative short-term impact on NWL's stock price.
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