ATLANTA (AP) — ATLANTA (AP) — Newell Brands Inc. (NWL) on Friday reported a loss of $33 million in its first quarter.
On a per-share basis, the Atlanta-based company said it had a loss of 8 cents. Losses, adjusted for one-time gains and costs, were 5 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.
The consumer products company posted revenue of $1.55 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $1.51 billion.
For the current quarter ending in June, Newell Brands expects its per-share earnings to range from 16 cents to 19 cents.
The company expects full-year earnings in the range of 56 cents to 60 cents per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NWL at https://www.zacks.com/ap/NWL
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