Reynolds Consumer Products IncRevenues flat year over year and slightly above estimates, but stock fell 1.2% to $25.51.
Reynolds and other household products companies reported mixed second-quarter results, with the group's revenues beating analyst consensus estimates by 2.1% while next quarter's revenue guidance came in 1.6% above expectations. Reynolds posted revenues of $944 million, flat year over year and 1.1% above estimates, but its stock fell 1.2% to $25.51. Spectrum Brands led the group with revenues of $753.3 million, up 7.7% year over year and 2.4% above estimates, though its shares dropped 2.4% to $86.16. WD-40 delivered the biggest estimate beat and fastest revenue growth, with revenues of $195.1 million, up 24.3% year over year and 12.9% above estimates, but its stock tumbled 11.2% to $212.49. Energizer and Church & Dwight also reported results, with Energizer's revenues up 1.2% to $734.1 million and Church & Dwight's revenues up 1.6% to $1.53 billion.
Reynolds Consumer Products IncRevenues flat year over year and slightly above estimates, but stock fell 1.2% to $25.51.
Spectrum Brands Holdings IncRevenues up 7.7% and above estimates, but shares dropped 2.4% to $86.16.
WD-40 CompanyRevenues up 24.3% and beat estimates, but stock tumbled 11.2% to $212.49.
Church & Dwight Company IncReported Q2 results with revenues up 1.6% to $1.53 billion, but no specific impact on stock mentioned.
Energizer Holdings IncReported Q2 results with revenues up 1.2% to $734.1 million, but no specific impact on stock mentioned.