Spectrum Brands' Q4 earnings fell short of expectations, but revenues rose, and a dividend was announced.
Spectrum Brands Holdings reported Q4 adjusted earnings of 97 cents per share, missing analyst expectations of $1.07, but revenues rose 4.5% to $773.7 million. The company's adjusted EBITDA dropped due to lower investment income and increased brand investments. Despite the earnings miss, the company declared a dividend of $0.47 per share, payable on December 17th. Shares fell 4.78% to $89.38 post-announcement.
4 months ago
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