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Stock impact report

Why Spectrum Brands (SPB) Stock Is Trading Up Today [Yahoo! Finance]

Spectrum Brands Holdings, Inc. (SPB) 
Last spectrum brands holdings, inc. earnings: 4/30 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
company reported third-quarter results that showed a significant earnings beat, which overshadowed a miss on revenue. Investors focused on the company's profitability, as its adjusted earnings per share came in at $2.61, crushing analyst estimates of $0.91. The strong performance was largely driven by a one-time tax benefit. While net sales fell 5.2% year-on-year to $733.5 million, missing expectations, the company delivered strong cash flow. Free cash flow was $157.9 million for the quarter, a significant increase from the same period last year, demonstrating improved efficiency. Is now the time to buy Spectrum Brands? Access our full analysis report here What Is The Market Telling Us Spectrum Brands's shares are not very volatile and have only had 9 moves greater than 5% over the last year. Moves this big are rare for Spectrum Brands and indicate this news significantly impacted the market's perception of the business. The biggest move we wrote about over the last year was Show less Read more
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