Newell Brands, Inc. Reports 124% Increase In Q3 Bottom Line

(RTTNews) - Newell Brands, Inc. (NWL) reported earnings for its third quarter that climbed compared to the same period last year.

The company said its bottom line totaled $376.9 million, or $0.78 per share. This was up from $168.1 million, or $0.62 per share, in last year's third quarter.

Analysts had expected the company to earn $0.73 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 158.2% to $3.95 billion. This was up from $1.53 billion last year.

Newell Brands, Inc. earnings at a glance:

-Earnings (Q3): $376.9 Mln. vs. $168.1 Mln. last year. -Earnings Growth (Y-o-Y): 124.2% -EPS (Q3): $0.78 vs. $0.62 last year. -EPS Growth (Y-o-Y): 25.8% -Analysts Estimate: $0.73 -Revenue (Q3): $3.95 Bln vs. $1.53 Bln last year. -Revenue Change (Y-o-Y): 158.2%

-Guidance: Full year EPS guidance: $2.85 - $2.90