Newell Brands Guides FY24 Below Estimates - Update

RTTNews | vor 485 Tagen
Stocktwits
Newell Brands Guides FY24 Below Estimates - Update

(RTTNews) - While reporting financial results for the fourth quarter on Friday, consumer goods company Newell Brands, Inc. (NWL) initiated its normalized earnings and sales growth guidance for the full-year 2024. The company also provided outlook for the first quarter.

For fiscal 2024, the company now projects normalized earnings in a range of $0.52 to $0.62 per share on net sales decline of 8 to 5 percent, with core sales decline of 6 to 3 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.77 per share on revenue decline of 4.3 percent to $7.69 billion for the year. Analysts' estimates typically exclude special items.

For the first quarter, the company anticipates normalized loss in a range of $0.09 to $0.05 per share on net sales decline of 10 to 8 percent, with core sales decline of 8 to 6 percent.

The Street is looking for earnings of $0.02 per share on revenue decline of 6.3 percent to $1.68 billion for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: NWL
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Newell Brands Slashes FY23 Outlook - Update

Newell Brands Slashes FY23 Outlook - Update

While reporting financial results for the third quarter on Friday, consumer goods company Newell Brands, Inc. (NWL) slashed its normalized earnings and sales growth guidance for the full-year 2023.
RTTNews | vor 590 Tagen
Taiwan Shares Tipped To Open To The Upside On Monday

Taiwan Shares Tipped To Open To The Upside On Monday

The Taiwan stock market on Friday halted the three-day winning streak in which it had jumped almost 680 points or 3.2 percent. The Taiwan Stock Exchange now sits just above the 21,660-point plateau although it's likely to find renewed support on Monday.
RTTNews | vor 33 Minuten
Singapore Bourse Poised To Extend Winning Streak

Singapore Bourse Poised To Extend Winning Streak

The Singapore stock market has climbed higher in four straight sessions, collecting almost 40 points or 1 percent along the way. The Straits Times Index now sits just beneath the 3,935-point plateau and it may extend its gains on Monday.
RTTNews | vor 1Std 3 Minuten
Japan GDP Flat On Quarter In Q1

Japan GDP Flat On Quarter In Q1

Japan's gross domestic product was unchanged on a seasonally adjusted quarterly basis from the previous quarter, the Cabinet Office said on Monday.
RTTNews | vor 1Std 7 Minuten
Malaysia Shares May Bounce Higher On Monday

Malaysia Shares May Bounce Higher On Monday

The Malaysia stock market on Friday snapped the two-day winning streak in which it had gained almost 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just above the 1,515-point plateau although it's expected to see renewed support on Monday.
RTTNews | vor 1Std 33 Minuten
Japan Stock Market May Add To Its Winnings On Monday

Japan Stock Market May Add To Its Winnings On Monday

The Japan stock market has finished higher in two of three trading days since the end of the three-day losing streak in which it had tumbled almost 1,000 points or 2.8 percent. The Nikkei 225 now sits just above the 37,740-point plateau and it's tipped to open in the green again on Monday.
RTTNews | vor 1Std 48 Minuten
Higher Open Predicted For South Korea Stock Market

Higher Open Predicted For South Korea Stock Market

Ahead of Friday's holiday for Memorial Day, the South Korea stock market had finished higher in three straight sessions, collecting more than 115 points or 4.2 percent along the way. The KOSPI now rests just above the 2,810-point plateau and it's expected to see additional support again on Monday.
RTTNews | vor 2Std 3 Minuten
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