Investing.com - Spectrum Brands reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Spectrum Brands announced earnings per share of $0.48 on revenue of $749.5M. Analysts polled by Investing.com anticipated EPS of $0.59 on revenue of $787.73M.
Spectrum Brands shares are down 51.13% from the beginning of the year, still down 53.64% from its 52 week high of $107.22 set on November 22, 2021.
Spectrum Brands follows other major Consumer Staples sector earnings this month
Spectrum Brands's report follows an earnings beat by Walmart on Tuesday, who reported EPS of $1.5 on revenue of $152.8B, compared to forecasts EPS of $1.32 on revenue of $147.55B.
Coca-Cola had beat expectations on October 25 with third quarter EPS of $0.69 on revenue of $11.06B, compared to forecast for EPS of $0.6369 on revenue of $10.52B.
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