Update: Newell Brands Shares Jump on Q1 Beat

MT Newswires04-26

(Updates with the latest stock price movement in the headline and first paragraph.) Newell Brands' (NWL) shares were up more than 12% in recent Friday trading after the company reported better-than-...

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Analysts polled by Capital IQ expected a loss of $0.07.\n\n Net sales for the quarter ended March 31 were $1.65 billion, down from $1.81 billion a year earlier. Analysts surveyed by Capital IQ expected $1.64 billion.\n\n For Q2, the company said it expects normalized EPS of $0.18 to $0.21 and a net sales decline of 9% to 7%. Analysts polled by Capital IQ expect normalized EPS of $0.25 on revenue of $2.03 billion.\n\n Newell said it continues to expect 2024 normalized EPS of $0.52 to $0.62 and a net sales decline of 8% to 5%. 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