ATLANTA (AP) — ATLANTA (AP) — Newell Brands Inc. (NWL) on Friday reported a loss of $9 million in its first quarter.
On a per-share basis, the Atlanta-based company said it had a loss of 2 cents. Earnings, adjusted for one-time gains and costs, came to less than 1 cent on a per-share basis.
The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The consumer products company posted revenue of $1.65 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $1.64 billion.
For the current quarter ending in June, Newell Brands expects its per-share earnings to range from 18 cents to 21 cents.
The company expects full-year earnings in the range of 52 cents to 62 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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