Newell Brands Announces First Quarter 2019 Results
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Newell Brands (NWL) Tops Q1 EPS by 8c, Revenues Beat; Q2 EPS Guidance Below Consensus, Affirms Q2 EPS Views, Maintains FY19 EPS/Revenue Outlook
May 3, 2019 6:33 AM EDTNewell Brands (NASDAQ: NWL) reported Q1 EPS of $0.14, $0.08 better than the analyst estimate of $0.06. Revenue for the quarter came in at $1.71 billion versus the consensus estimate of $1.69 billion.
First Quarter 2019 Executive Summary
Net sales from continuing operations were $1.7 billion, a decline of 5.5 percent compared with $1.8 billion in the prior year period, primarily reflecting the impact of unfavorable foreign exchange and a decline in core sales.Core sales from continuing operations declined 2.4 percent from the prior year period.Reported operating margin was 0.9 percent compared... More