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HRG: Fiscal 3Q Earnings Snapshot

August 7, 2019

MIDDLETON, Wis. (AP) _ Spectrum Brands Holdings, Inc. (SPB) on Wednesday reported a fiscal third-quarter loss of $25.9 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Middleton, Wisconsin-based company said it had a loss of 53 cents. Earnings, adjusted for non-recurring costs and pretax expenses, came to $1.35 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.

The holding company posted revenue of $1.02 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $1.01 billion.

HRG shares have climbed 10% since the beginning of the year. The stock has declined 49% 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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