07:59 AM EDT, 07/26/2024 (MT Newswires) -- Newell Brands ( NWL ) reported Q2 non-GAAP earnings Friday of $0.36 per diluted share, up from $0.24 a year earlier.

Analysts polled by Capital IQ expected $0.21.

Net sales for the quarter ended June 30 were $2.03 billion, down from $2.20 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.05 billion.

For Q3, the company expects normalized EPS of $0.14 to $0.17. Analysts polled by Capital IQ expect $0.20. Net sales for the quarter are expected to drop by 4% to 6%.

For full-year 2024, the consumer goods company now expects normalized EPS of $0.60 to $0.65, up from its prior outlook of $0.52 to $0.62. Analysts polled by Capital IQ expect $0.60. Net sales for the year are now expected to decline by 6% to 7%, compared with previous guidance of a 5% to 8% decline.

Newell's stock was 12% higher in recent Friday premarket activity.

Price: 7.09, Change: +0.75, Percent Change: +11.83