Advertisement
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
Newell Brands Slashes FY23 Outlook - Update
Eurozone Investor Confidence Strongest In A Year: Sentix
Bay Street Likely To Open On Mixed Note
FTSE 100 Advances; Persimmon, Marks & Spencer Among Top Gainers
CAC 40 Down Marginally In Cautious Trade
DAX Drifts Lower As Investors Await Outcome Of Sino-US Trade Talks
Sensex, Nifty End Choppy Session Narrowly Mixed
