NEW YORK (TheStreet) -- Newell Brands (NWL) - Get Newell Brands Inc Report reported 2016 third-quarter earnings that beat analysts' estimates but revenue that fell short of expectations before the market open.
The consumer products company reported adjusted earnings of 78 cents per share, topping analysts' estimates of 73 cents per share.
Revenue rose 158.5% year-over-year to $3.95 billion due to the company's acquisition of Jarden. Analysts surveyed by FactSet were looking for $4.06 billion.
Newell lifted the bottom end of its full-year earnings guidance. The company sees adjusted earnings between $2.85 and $2.90 per share for 2016 vs. past projections of $2.75 to $2.90 per share.
Shares were flat in pre-market trading on Friday.
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Separately, TheStreet Ratings team rates the stock as a "buy" with a ratings score of B.
Newell's strengths such as its robust revenue growth, good cash flow from operations, expanding profit margins and solid stock price performance outweigh the fact that the company has had sub par growth in net income.
You can view the full analysis from the report here: NWL
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.