Newell Brands First Quarter 2024 Earnings: EPS Beats Expectations
Newell Brands (NASDAQ:NWL) First Quarter 2024 Results
Key Financial Results
Revenue: US$1.65b (down 8.4% from 1Q 2023).
Net loss: US$9.00m (loss narrowed by 91% from 1Q 2023).
US$0.022 loss per share (improved from US$0.25 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Newell Brands EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 81%.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 5.1% growth forecast for the Consumer Durables industry in the US.
Performance of the American Consumer Durables industry.
The company's shares are up 13% from a week ago.
Risk Analysis
You should learn about the 1 warning sign we've spotted with Newell Brands.
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