Reported 28 days ago
Newell Brands Inc. (NASDAQ:NWL) continued its downward trend by losing 15.15% on Friday, significantly impacted by a bleak earnings report and outlook. Net income plummeted by 75% in the first half of the year, falling to $9 million, while net sales decreased to $3.5 billion. Although net income saw a slight increase in Q2, overall sales continued to decline. The company revised its future sales projections downward, expecting a 2-4% decline in the current quarter and a 2-3% decline for the full year.
Source: YAHOO