Newell Brands Says Turnaround Plan Helped It Post Better-Than-Expected Results

Key TakeawaysNewell Brands reported better-than-expected first-quarter results Friday as the company said its turnaround plan is working, and shares soared.The maker of consumer and commercial products posted a quarterly loss of 2 cents per share, narrowed from a loss of 25 cents per share in the prior-year period.Chief executive Chris Peterson pointed to the "decisive actions" the company has taken to execute its new strategy. Newell Brands (NWL) shares surged in intraday trading Friday as the consumer and ...