WASHINGTON (dpa-AFX) - Newell Brands (NWL) reported third quarter net income of $21 million compared with a net loss of $198 million in the prior year period. Normalized net income was $70 million compared with $69 million in the prior year period. Profit per share was $0.05 compared with a loss per share of $0.48. Normalized profit per share was $0.17 compared with $0.16. Analysts on average expected the company to report profit per share of $0.18, for the quarter. Analysts' estimates typically exclude special items.
Net sales were $1.8 billion, a decline of 7.2% compared with the prior year period. Core sales declined 7.4% from last year.
The company initiated its outlook for the fourth quarter and updated outlook for the full year 2025. For the fourth quarter, the company expects: normalized EPS in a range of $0.16 to $0.20, and core sales decline in the range of 5.0% to 3.0%. For 2025, the company now expects normalized EPS in a range of $0.56 to $0.60; and core sales to decline in the range of 5.0% to 4.0%.
Shares of Newell Brands are down 8% in pre-market trade on Friday.
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