ATLANTA (AP) _ Newell Rubbermaid Inc. (NWL) on Friday reported first-quarter net income of $40.5 million.
The Atlanta-based company said it had profit of 15 cents per share. Earnings, adjusted for one-time gains and costs, were 40 cents per share.
The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.
The consumer products company posted revenue of $1.31 billion in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $1.28 billion.
Newell Rubbermaid expects full-year earnings in the range of $2.75 to $2.90 per share.
Newell Rubbermaid shares have fallen 1.5 percent since the beginning of the year, while the Standard & Poor's 500 index has risen nearly 2 percent. The stock has risen 11 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NWL at http://www.zacks.com/ap/NWL
Keywords: Newell Rubbermaid, Earnings Report
Automated Insights, source Associated Press News