Newell Brands Posts $81 Million Q3 Loss, Adjusted Earnings Meet Estimates

Newell Brands Inc. (NWL) reported a third-quarter loss of $81 million, or 19 cents per share, the Atlanta-based consumer products company said Friday. Adjusted earnings of 20 cents per share matched the average estimate of five analysts surveyed by Zacks Investment Research. Revenue for the period reached $1.87 billion, topping Street forecasts of $1.85 billion. For the current quarter ending in December, Newell Brands expects per-share earnings of 17 cents to 19 cents. The company projected full-year earnings in the range of 74 cents to 76 cents per share.