Newell Brands, Inc. profit rises in first quarter, beats estimates

(RTTNews) – Newell Brands, Inc. (NWL) reported earnings for its first quarter that rose from a year ago and beat Street estimates.

The company’s earnings totaled $234 million, or $0.55 per share. That compares with $89 million, or $0.21 per share, in the first quarter of last year.

Excluding items, Newell Brands, Inc. reported adjusted earnings of $155 million or $0.36 per share for the period.

Analysts on average had expected the company to earn $0.27 per share, according to figures compiled by Thomson Reuters. Analyst estimates generally exclude special items.

The company’s revenue for the quarter increased 4.4% to $2.39 billion from $2.29 billion last year.

Newell Brands, Inc. earnings overview (GAAP):

– Earnings (Q1): $234 million. against $89 million. Last year. -EPS (Q1): $0.55 vs. $0.21 last year. – Analyst estimate: $0.27 – Revenue (Q1): $2.39 billion vs. $2.29 billion last year.

-Orientation: Next quarter EPS forecast: $0.45 – $0.48 Next quarter revenue forecast: $2.52 – $2.5 billion Full year EPS forecast: $1.85 – $1.93 Full-year revenue forecast: $9.93 – $10.13 billion

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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