NEW YORK (TheStreet) -- Shares of Newell Rubbermaid (NWL) - Get Newell Brands Inc. Report closed down by 1.96% to $42.43 on heavy trading volume on Friday, following the company's 2015 third quarter earnings results.
The Atlanta-based marketer of consumer and commercial products reported earnings of 62 cents per share on revenue of $1.53 billion before the market open on Friday. Analysts surveyed by Thomson Reuters were expecting Newell Rubbermaid to report earnings of 61 cents per share on revenue of $1.54 billion.
The company's core sales increased in all five of its segments, Newell Rubbermaid CEO Michael Polk said in a statement.
"This strong growth was complemented by good gross and operating margin expansion resulting in nearly 7 percent normalized earnings per share growth, despite unprecedented foreign exchange challenges," Polk continued.
Newell Rubbermaid is expecting to report full year 2015 earnings of $2.14 to $2.20 per share and 2016 earnings of $2.35 to $2.44 per share.
By the end of trading on Friday, 3.42 million shares of Newell Rubbermaid had traded, versus its 30-day average of 2.15 million shares.
Separately, TheStreet Ratings team rates NEWELL RUBBERMAID INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
We rate NEWELL RUBBERMAID INC (NWL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and solid stock price performance. We feel its strengths 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