Newell Brands (NWL) Tops Q4 EPS by 5c, Guidance Misses
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Go back to Newell Brands (NWL) Tops Q4 EPS by 5c, Guidance Misses
February 14, 2023 2:14 PM EST
Jefferies reiterated a Buy rating on Newell Brands (NASDAQ: NWL) and raised their price target on the stock to $20.00 (From $19.00) following the consumer goods companys 4Q results. NWL reported 4Q core sales of -9.4% YoY (vs Street -10.6%). The beat was driven by Home... More
February 10, 2023 8:02 AM EST
Newell Brands (NASDAQ: NWL) shares are down more than 6% premarket Friday after the company's first quarter and full-year guidance disappointed investors.
In the fourth quarter, the commercial products manufacturer and distributor reported an 18.5% decline in net sales to $2.3 billion. However, this beat consensus estimates of $2.23 billion. Meanwhile, earnings per share also exceeded... More
