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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.
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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.
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591 дней спустя
Asian Markets Trade Mostly Higher
Asian stock markets are trading mostly higher on Tuesday, following the mixed cues from Wall Street overnight, amid easing trade war tensions between the US and China after the two superpowers began high-level trade talks in London, with negotiations expected to continue on Tuesday. The tariff war between the two countries has already rattled the global economy.
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41 минут назад
Sensex, Nifty Seen Higher At Open As Sino-US Talks Continue
Indian shares look set to open on a positive note Tuesday as top officials from the U.S. and China continue their trade talks for a second day today to resolve their differences and ease tensions over rare-earth minerals and technology shipments.
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1ч 8мин назад
Thai Bourse May Extend Losing Streak
The Thai stock market has ticked lower in back-to-back sessions, slipping more than 5 points or 0.4 percent along the way. The Stock Exchange of Thailand now rests just above the 1,135-point plateau and it may take further damage on Tuesday.
The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference.
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1ч 39мин назад
Japanese Market Notably Higher
The Japanese stock market is trading notably higher on Tuesday, extending the gains in the previous two sessions, following the mixed cues from Wall Street overnight, with the Nikkei 225 moving up to near the 38,300 level, with gains across most sectors led by index heavyweights and technology stocks. Financial stocks were the only weak spot.
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2ч 1мин назад
Lower Open Anticipated For Indonesia Stock Market
Ahead of the long holiday weekend for Eid-al-Adha, the Indonesia stock market had moved higher in back-to-back sessions, gathering almost 70 points or 1 percent along the way. The Jakarta Composite Index now rests just above the 7,110-point plateau although it's likely to open under pressure on Tuesday.
The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference.
The JCI finished modestly higher on Thursday following gains from the financials and mixed performances from the resource and cement companies.
For the day, the index added 44.39 points or 0.63 percent to finish at 7,113.42 after trading between 7,083.89 and 7,136.64.
Among the actives, Bank CIMB Niaga sank 0.87 percent, while Bank Mandiri climbed 1.00 percent, Bank Negara Indonesia spiked 2.79 percent, Bank Central Asia shed 0.56 percent, Bank Rakyat Indonesia collected 0.49 percent, Indosat Ooredoo Hutchison added 0.48 percent, Indocement advanced 0.98 percent, Semen Indonesia tumbled 1.79 percent, Indofood Sukses Makmur dropped 0.91 percent, United Tractors perked 0.12 percent, Energi Mega Persada plunged 4.24 percent, Astra Agro Lestari retreated 1.26 percent, Aneka Tambang tanked 2.82 percent, Vale Indonesia plummeted 4.13 percent, Timah rallied 2.07 percent, Bumi Resources soared 2.50 percent and Astra International and Bank Danamon Indonesia were unchanged.
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2ч 9мин назад
Hong Kong Shares Tipped To Open In The Red On Tuesday
The Hong Kong stock market bounced higher again on Monday, one session after ending the three-day winning streak in which it had rallied almost 750 points or 3.5 percent. The Hang Seng Index now sits just above the 24,180-point plateau although it may hand back those gains on Tuesday.
The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference.
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2ч 24мин назад
Australian Market Notably Higher
The Australian stock market is trading notably higher on Tuesday, reversing some of the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,550 level, with gains across most sectors led by technology and energy stocks. Gold miners were the only weak spot.
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2ч 29мин назад
