6:36 am Newell Rubbermaid beats by $0.02, beats on revs; guides FY15 EPS in-line (NWL) : Reports Q2 (Jun) earnings of $0.64 per share, $0.02 better than the Capital IQ Consensus Estimate of $0.62; revenues rose 4.0% year/year to $1.56 bln vs the $1.54 bln consensus.
•Co raises guidance for FY15, sees EPS of $2.14-2.20 vs. $2.16 Capital IQ Consensus Estimate, up from prior guidance of $2.10-2.18. Raises core sales growth guidance to 4.0-5.0% from 3.5-4.5%.
•"Core sales grew in all five of our segments and in all four geographic regions. Our Win Bigger businesses grew 6.5 percent, led by our global Writing business which grew core sales over ten percent. Momentum continued to build in our Baby & Parenting business, which also had a strong quarter with core growth of 6.0 percent. We are driving accelerated growth and earnings performance as a result of strengthened innovation, increased investment in brands, aggressive cost programs and excellent commercial execution."
