08:25 AM EDT, 04/26/2024 (MT Newswires) -- Newell Brands ( NWL ) reported its Q1 normalized earnings broke even Friday at $0.00, from a loss of $0.06 per diluted share a year earlier.

Analysts polled by Capital IQ expected a loss of $0.07.

Net sales for the quarter ended March 31 were $1.65 billion, down from $1.81 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.64 billion.

For Q2, the company said it expects normalized earnings of $0.18 to $0.21 per share and a net sales decline of 9% to 7%.

Analysts polled by Capital IQ expect normalized earnings of $0.25 per share on revenue of $2.03 billion.

Newell said it continues to expect 2024 normalized earnings of $0.52 to $0.62 per share and a net sales decline of 8% to 5%.

Analysts surveyed by Capital IQ expect $0.57 on revenue of $7.62 billion.

Shares of the company were up nearly 7% in recent Friday premarket activity.

Price: 7.40, Change: +0.46, Percent Change: +6.63