Newell Brands surpasses estimates

HOBOKEN, N.J. ― Newell Brands reported net sales growth of $158.5%, totalling $3.95 billion and drawing earnings of $0.05 per share higher than estimated. Adjusted earnings rose from $0.62 to $0.78 per share, beating Thomson Reuters estimates of $0.73. Earnings were affected by a 3% growth in core sales and to earnings and costs related to the acquisition of Jarden Corp. Overall profit rose to $186.5 million from $134.2 million a year earlier, boosted in large part by the Jarden acquisition.