Newell Brands Tariff Sensitivity Analysis Shows 125% China Tariff Impact, Stock Tumbles
Newell Brands Inc. (NASDAQ:NWL) shares are trading lower on Wednesday after reporting the first-quarter earnings report.
The company reported adjusted earnings per share of a one-cent loss, beating the street view of a six-cent loss. Quarterly revenues of $1.57 billion (down 5.3% year over year) beat the analyst consensus estimate of $1.54 billion.
Core sales declined 2.1% compared with the prior year period.
The Learning & Development segment generated net sales of $572 million compared with $559 million in the prior year, reflecting core sales growth of 4.2%.
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The Home & Commercial Solutions segment generated net sales of $812…
