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 story : Energizer stock jumps after adjusted profit and sales beats, raised outlook #FinanceUSA #StockMarketNEWS Shares of Energizer Holdings Inc. jumped 1.7% toward a nine-month high in premarket trading

@stockMarketNEWS Mon 10 May, 2021

Posted in: #FinanceUSA #StockMarketNEWS

Energizer stock jumps after adjusted profit and sales beats, raised outlook #FinanceUSA #StockMarketNEWS
Shares of Energizer Holdings Inc. jumped 1.7% toward a nine-month high in premarket trading Monday, after the batteries and lighting products company beat adjusted profit and sales expectations and raised its full-year outlook, boosted by elevated demand in its battery and auto businesses. The net loss for the quarter to March 31 narrowed to .3 million, or 21 cents a share, from 1.8 million, or .75 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share rose to 77 cents from 37 cents, beating the FactSet consensus of 60 cents. Sales grew 16.7% to 5.1 million, above the FactSet consensus of 5.9 million, boosted by new distribution, increased replenishment volumes and favorable pricing. For fiscal 2021, the company raised its adjusted EPS guidance range to .30 to .50 from .10 to .40, and said it now expects sales growth of 5% to 7% while the current FactSet sales consensus of .88 billion implies 4.9% growth. The stock has rallied 19.8% year to date through Friday, while the S&P 500 has advanced 12.7%.


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