Newell Brands Analysts Cut Their Forecasts After Weak Earnings

Newell Brands Inc. (NASDAQ:NWL) reported third-quarter results on Friday that fell short of analysts' expectations.The company reported adjusted earnings of 17 cents per share, compared with 16 cents in the prior year period, which was slightly below Wall Street expectations of 18 cents.Revenue came in at $1.81 billion, missing analysts' estimates of $1.88 billion, a decline of 7.2% compared with the prior year period, reflecting a core sales decline of 7.4% and favorable foreign exchange.Newell Brands issu ...