Spectrum Brands Holdings Q3 Adj $1.10 Misses $1.21 Estimate, Sales $779.40M Beat $755.19M Estimate
Portfolio Pulse from Benzinga Newsdesk
Spectrum Brands Holdings (NYSE:SPB) reported Q3 earnings of $1.10 per share, missing the analyst estimate of $1.21. However, sales of $779.40 million beat the estimate of $755.19 million. Earnings increased by 18.28% year-over-year, and sales rose by 5.97%.
August 08, 2024 | 10:33 am
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Spectrum Brands Holdings reported Q3 earnings of $1.10 per share, missing the analyst estimate of $1.21. However, sales of $779.40 million beat the estimate of $755.19 million. Earnings increased by 18.28% year-over-year, and sales rose by 5.97%.
The mixed results, with earnings missing but sales beating estimates, create a neutral short-term outlook. The increase in both earnings and sales year-over-year is positive, but the earnings miss may weigh on investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100