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Newell Brands stock surges on Q2 earnings beat, raised guidance

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Newell Brands Nyheter

Macroeconomic Environment,Julie Hyman,Mark Erceg

Shares of Newell Brands (NWL) are surging after topping second quarter earnings expectations and raising its forecast for the year. In the release, Newell...

, Newell Brands Chief Financial Officer Mark Erceg says,"While the macroeconomic environment remains choppy, the transformation of our business is clearly underway, which has given us confidence to improve our financial outlook for the year."Shares of newer brands look at that surging today after reporting second quarter, earnings company also raising its earnings forecast for the year.

But as you say, Chris Peterson on the call pointed out they're falling by less like they keep getting less bad, I guess quarter over quarter, even as the profitability increases here, he also highlighted the strength of um innovation, innovation pipeline in some of their uh different product lines.So they have a pretty big product portfolio.

 

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