Reported about 23 hours ago
Newell Brands (NWL) reported a quarterly loss of $0.01 per share, better than the expected loss of $0.07, while revenues reached $1.57 billion, surpassing estimates by 1.23%. The company has underperformed significantly this year, losing about 48.1% of its value. Despite exceeding earnings estimates three times in the last four quarters, the outlook remains unfavorable with a Zacks Rank of #4 (Sell), indicating anticipated underperformance. Investors are keenly watching how the earnings outlook evolves in response to recent results.
Source: YAHOO