07:25 AM EDT, 10/25/2024 (MT Newswires) -- Newell Brands Inc ( NWL ) reported Q3 normalized earnings Friday of $0.16 per diluted share, down from $0.37 a year earlier.

Analysts polled by Capital IQ expected $0.16.

Net sales for the quarter ended Sept. 30 were $1.95 billion, down from $2.05 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.96 billion.

For Q4, the company expects normalized EPS of $0.11 to $0.14. Analysts polled by Capital IQ expect $0.13. Net sales for the quarter are expected to drop by 4% to 7%.

For full-year 2024, the company now expects normalized EPS of $0.63 to $0.66, up from its prior outlook of $0.60 to $0.65. Analysts polled by Capital IQ expect $0.64. Net sales for the year are expected to decline by 6% to 7%.

Newell's stock price rose more than 10% in recent Friday premarket activity.

Price: 7.91, Change: +0.73, Percent Change: +10.17