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Newell Brands Guides FY24 Below Estimates - Update

RTTNews | Pred 489 dňami

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

Značky: 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 | Pred 594 dňami

China Stock Market May Add To Its Winnings On Friday

China Stock Market May Add To Its Winnings On Friday

The China stock market has moved higher in back-to-back sessions, collecting more than 15 points or 0.4 percent in that span. The Shanghai Composite Index now sits just above the 3,400-point plateau and it's expected to see continued strength on Friday.

RTTNews | Pred 2 minútami

Taiwan Shares May Bounce Higher Again On Friday

Taiwan Shares May Bounce Higher Again On Friday

The Taiwan stock market on Thursday ended the three-day winning streak in which it had rallied more than 810 points or 3.6 percent. The Taiwan Stock Exchange now sits just beneath the 22,290-point plateau and it may see renewed support on Friday.

RTTNews | Pred 32 minútami

Singapore Bourse May Extend Thursday's Gains

Singapore Bourse May Extend Thursday's Gains

The Singapore stock market on Thursday ended the two-day slide in which it had fallen more than 15 points or 0.4 percent. The Straits Times Index now sits just above the 3,920-point plateau and it's tipped to open to the upside again on Friday.

RTTNews | Pred 1 h 2 min

Malaysia Stock Market May See Additional Support

Malaysia Stock Market May See Additional Support

The Malaysia stock market has ticked higher in consecutive trading days, gathering almost 10 points or 0.6 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,525-point plateau and it may add to its winnings again on Friday.

RTTNews | Pred 1 h 32 min

Win Streak May Continue For South Korea Stock Market

Win Streak May Continue For South Korea Stock Market

The South Korea stock market has finished higher in seven straight sessions, collecting more than 225 points or 8.2 percent along the way. The KOSPI now rests just above the 2,920-point plateau and it's tipped to open in the green again on Friday.

RTTNews | Pred 2 h 2 min

New Zealand Manufacturing PMI Data Due On Friday

New Zealand Manufacturing PMI Data Due On Friday

New Zealand will on Friday release May results for the manufacturing PMI from BusinessNZ, highlighting a light day for Asia-Pacific economic activity. In April, the PMI score was 53.9.

RTTNews | Pred 2 h 56 min

Taiwan Shares May Bounce Higher Again On Friday

Taiwan Shares May Bounce Higher Again On Friday

The Taiwan stock market on Thursday ended the three-day winning streak in which it had rallied more than 810 points or 3.6 percent. The Taiwan Stock Exchange now sits just beneath the 22,290-point plateau and it may see renewed support on Friday.

RTTNews | Pred 3 h 19 min

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