UPDATE: Spectrum Brands Posts FQ4 Loss
Spectrum Brands Holdings (NYSE: SPB) posted a loss in the fiscal fourth quarter.
Spectrum Brands posted a quarterly loss of $36.7 million, or $0.70 per share, versus a year-ago profit of $5.5 million, or $0.10 per share. Excluding one-time items, its earnings increased to $0.88 per share from $0.83 per share.
Its sales climbed 37% to $1.14 billion. However, analysts were expecting earnings of $0.87 per share on sales of $1.13 billion.
Spectrum Brands shares closed at $63.84 yesterday.
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