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HRG: Fiscal 4Q Earnings Snapshot

November 19, 2018

MIDDLETON, Wis. (AP) _ Spectrum Brands Holdings, Inc. (SPB) on Monday reported a loss of $115.8 million in its fiscal fourth quarter.

On a per-share basis, the Middleton, Wisconsin-based company said it had a loss of $2.31. Earnings, adjusted for one-time gains and costs, were 79 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.

The holding company posted revenue of $787.8 million in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $807.5 million.

For the year, the company reported profit of $768.3 million, or $20.74 per share. Revenue was reported as $3.15 billion.

HRG shares have declined 43 percent since the beginning of the year. The stock has declined 40 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPB at https://www.zacks.com/ap/SPB

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