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Newell Brands Tops Earnings Estimates, Revenue Misses

Shares of Newell Brands were lower on Friday after posting mixed quarterly results.

Shares of Newell Brands (NWL) - Get Report were lower on Friday after posting mixed quarterly results. Earnings of $0.78 a share beat analysts' estimates. But, revenue of $3.95 billion for the period missed expectations. CEO Michael Polk says, Writing, Baby, Food and Appliances growth was very strong, resulting in competitive levels of quarterly core sales growth. The consumer products company also lifted the bottom end of its full-year earnings guidance. It now expects earnings between $2.85 and $2.90 a share. (Newell Brands is a holding in Jim Cramer's Action Alerts PLUS portfolio.)

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