Newell Brands Reports Better-Than-Expected Q1 Results, Shares Rise
Newell Brands (NWL) reported first-quarter results that beat analyst estimates despite a slight decline in net sales. The company narrowed its GAAP net loss and raised full-year guidance, leading to a more than 11% increase in its share price. The results were driven by improved productivity and pricing actions.
Tickers: $NWL
Topics: Consumer Discretionary Earnings GAAP Net Loss Guidance Net Sales Stock Performance