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Newell Brands profit misses consensus by 18.6% in Q4

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Newell Brands profit misses consensus by 18.6% in Q4

Newell Brands Inc. said its fourth-quarter normalized net income was 46 cents per share, compared with the S&P Capital IQ consensus estimate of 56 cents per share.

EPS climbed 6.1% year over year from 43 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $122.9 million, an increase from $119.1 million in the prior-year period.

Total revenue increased year over year to $1.56 billion from $1.53 billion, and total operating expenses rose year over year to $1.35 billion from $1.31 billion.

Reported net income came to a loss of $80.4 million, or a loss of 30 cents per share, compared to income of $49.0 million, or 18 cents per share, in the prior-year period.

For the year, the company's normalized net income totaled $1.72 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $2.18.

EPS rose 6.9% from $1.60 in the prior year.

Normalized net income was $465.6 million, an increase from $447.5 million in the prior year.

Full-year total revenue increased from the prior-year period to $5.92 billion from $5.73 billion, and total operating expenses increased year over year to $5.08 billion from $4.95 billion.

The company said reported net income fell 30.3% year over year to $260.6 million, or 96 cents per share, in the full year, from $373.7 million, or $1.34 per share.