NWL / Sharpie, Yankee Candle owner Newell Brands slashes full-year guidance; shares fall

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