Newell Brands Q3 Earnings: Margins Hit Highest Levels Since 2020, Boosts 2024 EPS Outlook & More
Portfolio Pulse from Nabaparna Bhattacharya
Newell Brands Inc. (NASDAQ:NWL) reported Q3 earnings with improved margins and raised its 2024 EPS guidance. Despite a slight miss in sales estimates, the company achieved its highest gross margin since 2020. NWL shares rose 26.1% following the announcement.
October 25, 2024 | 4:23 pm
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Newell Brands reported Q3 earnings with improved margins and raised 2024 EPS guidance. Despite missing sales estimates, the company achieved its highest gross margin since 2020, leading to a 26.1% increase in share price.
Newell Brands' Q3 earnings report showed significant improvement in margins and an increase in 2024 EPS guidance, which are positive indicators for investors. Despite a slight miss in sales estimates, the strong margin performance and raised guidance led to a substantial increase in share price.
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