NWL - Why Newell Brands Shares Are Gaining Friday | Benzinga
Newell Brands Inc. (NASDAQ:NWL) shares are trading higher on Friday.
The company’s first-quarter adjusted earnings per share were at the break-even point, compared with the analyst consensus estimate of a 7-cent loss. Quarterly revenues of $1.653 billion beat the street view of $1.644 billion.
Net sales slumped 8.4% compared with the prior year period, while the core sales declined by 4.7%.
Normalized gross margin increased to 31.2% compared with 27.1% in the prior year period. Normalized operating margin increased to 4.6% compared with ...