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News & Analysis: Newell Brands
Sales continue to fall, but management’s turnaround strategy and a return to growth in the baby products division offer reason for optimism. But there are still problems investors shouldn't ignore.
Shares of the Rubbermaid parent tumbled on another subpar earnings report.
Investors cheered aggressive divestment moves aimed at getting the company back on a path to profitability.
It's been a rough couple of years for Newell Brands investors, but today's bottom-line beat was enough to provide a temporary boost to its battered stock price.
It could get worse before it gets better.
Investors aren't all on board with management's announcement regarding a board shakeup, potential asset sales, and lowered guidance.
Investors were hit with a weaker-than-expected third quarter from Newell, but management remains confident the business will rebound.
A profit downgrade spooked investors last month.
The owner of popular brands like Elmer's glue and Graco strollers turned in a stronger-than-expected first-quarter earnings report.