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Newell Rubbermaid tops 3Q profit expectations, misses revenue forecasts

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ATLANTA — ATLANTA — Newell Rubbermaid Inc. (NWL) on Friday reported net income of $122.3 million in its third quarter.

The Atlanta-based company said it had profit of 44 cents per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to 58 cents per share.

The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share.

The consumer products company posted revenue of $1.48 billion in the period, which fell short of Street forecasts. Analysts expected $1.53 billion, according to Zacks.

Newell Rubbermaid expects full-year earnings in the range of $1.94 to $2 per share.

Newell Rubbermaid shares have increased almost 8 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed roughly 8 percent. The stock has increased 18 percent in the last 12 months.

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This story was generated by Automated Insights using data from Zacks Investment Research. NWL stock research report from Zacks.

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Keywords:Newell Rubbermaid,Earnings Report

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