SPB Q4 Earnings Miss Estimates, Organic Sales Increase 4.8% Y/Y
Spectrum Brands(SPB) ZACKS·2024-11-16 03:25
Spectrum Brands Holdings Inc. (SPB) reported fourth-quarter fiscal 2024 results, wherein the top line surpassed the Zacks Consensus Estimate but the bottom line missed. While sales increased year over year, earnings dipped.SPB’s shares fell more than 8% in trading hours today on soft earnings results in the reported quarter. Shares of this Zacks Rank #4 (Sell) company have lost 2.9% in the past three months against the industry's 1.3% rise.The company’s businesses reverted to growth in the second half of th ...