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Newell Brands profit misses consensus by 21.9% in Q1

Newell Brands Inc. said its first-quarter normalized net income was 30 cents per share, compared with the S&P Capital IQ consensus estimate of 38 cents per share.

EPS increased 19.3% year over year from 25 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $79.9 million, a gain of 18.2% from $67.6 million in the year-earlier period.

The normalized profit margin climbed to 5.5% from 5.3% in the year-earlier period.

Total revenue increased year over year to $1.31 billion from $1.26 billion, and total operating expenses rose on an annual basis to $1.16 billion from $1.14 billion.

Reported net income declined 29.3% from the prior-year period to $40.5 million, or 15 cents per share, from $57.3 million, or 21 cents per share.