Newell Brands (NWL) shares slide after guidance disappoints
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Newell (NWL) price target raised at Jefferies following 4Q results
February 14, 2023 2:14 PM ESTJefferies reiterated a Buy rating on Newell Brands (NASDAQ: NWL) and raised their price target on the stock to $20.00 (From $19.00) following the consumer goods companys 4Q results. NWL reported 4Q core sales of -9.4% YoY (vs Street -10.6%). The beat was driven by Home... More
Newell Brands CEO Saligram to retire; forecasts 2023 results below estimates
February 10, 2023 7:50 AM EST(Reuters) - Newell Brands Inc said its top boss Ravi Saligram will retire effective May 16 and forecast annual results below analysts' estimates, sending the Sharpie maker's shares down 11% in premarket trading.
The company on Friday named its current President Chris Peterson as its next chief executive officer.
Newell has been grappling... More
Newell Brands (NWL) Tops Q4 EPS by 5c, Guidance Misses
February 10, 2023 7:06 AM ESTNewell Brands (NASDAQ: NWL) reported Q4 EPS of $0.16, $0.05 better than the analyst estimate of $0.11. Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.23 billion.
GUIDANCE:
Newell Brands sees Q1 2023 EPS of ($0.06)-($0.03), versus the consensus of... More
