MIDDLETON, Wis. (AP) — MIDDLETON, Wis. (AP) — Spectrum Brands Holdings, Inc. (SPB) on Friday reported a loss of $26.8 million in its fiscal third quarter.
The Middleton, Wisconsin-based company said it had a loss of $1.16 per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to $2.79 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.49 per share.
The holding company posted revenue of $753.3 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $732.4 million.
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