Published on 9 Feb 2024 on Market Watch
Shares of Newell Brands Inc. fell 0.6% in premarket trades Friday after the consumer goods company reported better-than-expected fourth-quarter earnings and sales but gave soft full-year outlook.
The company, whose brands include Rubbermaid, Sharpie, Graco and Yankee Candle reported a net loss of $86 million, or a loss of 21 cents a share, compared with a net loss of $249 million, or a loss of 60 cents a share, in the prior year’s quarter.