Newell Brands Q3 2024 Normalized Diluted EPS $0.16, Inline, Sales $1.947B Miss $1.958B Estimate
Portfolio Pulse from Benzinga Newsdesk
Newell Brands reported Q3 2024 normalized diluted EPS of $0.16, which was in line with expectations. However, the company's sales of $1.947 billion missed the estimated $1.958 billion.
October 25, 2024 | 11:01 am
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Newell Brands' Q3 2024 earnings per share met expectations at $0.16, but sales fell short of estimates, coming in at $1.947 billion compared to the expected $1.958 billion.
The in-line EPS suggests stable profitability, but the sales miss indicates potential challenges in revenue generation, which could lead to short-term negative sentiment among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100