Newell Rubbermaid beats estimates

ATLANTA ― Newell Brands posted $40.5 million in net income for the first quarter, with profits of $0.15 and adjusted earnings of $0.40 per share. A survey by Zacks Investment Research had yielded an average estimate of $0.36 per share. Revenues of $1.31 billion for the quarter also topped analyst expectations of $1.29 billion. The company says it anticipates full-year earnings in the range of $2.75 to $2.90 per share.