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Newell Brands Inc reports results for the quarter ended September 30 - Earnings Summary
Newell Brands reported quarterly adjusted earnings of 20 cents per share, matching analyst expectations. Revenue rose 3.7% to $1.87 billion, beating the expected $1.86 billion. On a reported basis, the company posted a loss of 19 cents per share and a quarterly loss of $81 million.
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What happened
Newell Brands reported quarterly adjusted earnings of 20 cents per share, matching analyst expectations. Revenue rose 3.7% to $1.87 billion, beating the expected $1.86 billion. On a reported basis, the company posted a loss of 19 cents per share and a quarterly loss of $81 million.
Confirmed
Global impact / market context
The gap between adjusted profit and the reported loss means accounting items, not day-to-day operations, drove the bottom line. Investors should check what sits between the two figures, because the reported loss can affect book value and future borrowing capacity.
Analyst inference
Analysts expect an average hold rating and a median price target of $5.88 versus the $5.08 close. Earnings estimates were cut about 2.9% over three months, hinting that expectations had already softened before results.
Analyst inference
What to watch
- Watch reported earnings of a 19-cent loss per share versus 20 cents adjusted, and what one-time items explain the difference. Confirmed
- Watch whether management explains the gap and gives guidance for coming quarters, since the article does not include a company forecast. Proposed
- Watch future analyst estimate changes, since a 2.9% cut over three months and one recent downward revision suggest cautious sentiment. Analyst inference
Evidence
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