NWL / Newell Brands stock dives after warning of surprise loss in current quarter

Newell Brands beat on earnings but fell short of revenue estimates in its third quarter. Revenue declines were broad-based across all segments, but th more_horizontal

Newell (NWL) reports a sales decline in third-quarter 2023 due to a y/y core sales drop of 9.2%. more_horizontal

Newell Brands Inc. (NASDAQ:NWL ) Q3 2023 Results Conference Call October 27, 2023 9:30 AM ET Company Participants Sofya Tsinis - VP, IR Chris Peterson more_horizontal

Investors pulled back on Newell Brands (NYSE:NWL) after the Sharpie-maker slashed its full-year sales and profit guidance when handing down its third more_horizontal

Although the revenue and EPS for Newell Brands (NWL) give a sense of how its business performed in the quarter ended September 2023, it might be worth more_horizontal

Newell Brands (NWL) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to ear more_horizontal

Newell Brands (NWL) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with st more_horizontal

Despite inflationary pressures, Newell (NWL) looks promising on the back of cost-cutting initiatives and a solid online show. more_horizontal