"Whisper Numbers"

[Drmicrocap]

below consensus) (NWL) : Reports Q4 (Dec) earnings of $0.47 per share, $0.01 better than the Capital IQ Consensus Estimate of $0.46; revenues rose 3.0% year/year to $1.49 bln vs the $1.48 bln consensus.

Core sales, which exclude the impact of changes in foreign currency, grew 4.4 percent. Normalized operating margin of 12.2 percent consistent with the prior year period. Reported operating margin increased 20 basis points. Gross margin was 37.4 percent. Positive pricing and productivity were offset by input cost inflation and less favorable mix due largely to very strong sales growth in Baby & Parenting.

Co issues guidance for FY14, sees EPS of $1.94-2.00 vs. $2.00 Capital IQ Consensus Estimate; core sales +3-4%.