Newell results beat the Street, raises guidance

Newell Brands Inc. NWL, +0.18% banal roseate 2.7% successful Friday premarket trading aft the user goods institution reported third-quarter nett that fell but bushed expectations, and raised its full-year guidance. Net income totaled $190 million, oregon 44 cents per share, down from $304 million, oregon 71 cents per share, past year. Adjusted EPS of 54 cents bushed the FactSet statement of 50 cents. Sales of $2.787 cardinal were up from $2.699 cardinal and besides up of the FactSet statement for $2.780 billion. Newell Brands' portfolio includes Rubbermaid, Sharpie, Mr. Coffee and Graco babe products. The institution is guiding for 4th fourth income totaling $2.60 cardinal to $2.68 cardinal and adjusted EPS of 29 cents to 33 cents. The FactSet statement is for income of $2.596 cardinal and EPS of 37 cents. For the afloat year, Newell is present forecasting income of $10.38 cardinal to $10.46 billion, up from erstwhile guidance of $10.1 cardinal to $10.35 billion, and adjusted EPS of $1.69 to $1.73, up from erstwhile guidance of $1.63 to $1.73. The FactSet statement is for income of $10.374 cardinal and EPS of $1.72. Newell banal has risen 2.5% for the twelvemonth to day portion the S&P 500 scale SPX, +0.98% has gained 22.4% for the period.