Newspaper article St Louis Post-Dispatch (MO)

Energizer's Stock Rises 9 Percent after Beating Estimates

Newspaper article St Louis Post-Dispatch (MO)

Energizer's Stock Rises 9 Percent after Beating Estimates

Article excerpt

Energizer's stock rose more than 9 percent Wednesday after its quarterly earnings beat analysts' estimates.

Town and Country-based Energizer Holdings Inc. reported a $60.4 million profit, or 98 cents a share, down from $95.5 million, or $1.55 a share a year earlier.

Adjusted net earnings in the first quarter totaled $95.5 million, or $1.55 a share, compared to adjusted net earnings of $95.1 million, or $1.51 a share a year earlier.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share.

The battery and lighting products maker reported a $31 million charge for the one-time impact of the new U.S. tax legislation passed in December. However, the federal tax changes were cited as one of the reasons the company expects a strong 2018. …

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