Morning Buzz: Newell Brands Inc (NWL), NVIDIA Corporation (NVDA)

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Newell Brands Inc (NYSE:NWL)

Stock’s Trading Stats:

Newell Brands Inc (NYSE:NWL) is trading up with a percentage change of 3.71% and is at $47.23 right now. The Company’s market capitalization stands at $13.28 Billion in the current trading Session whereas, its outstanding shares are 267.20 Million.

Recent Press Release:

Newell Brands Inc. (NWL) on April 29, 2016 declared its first quarter 2016 financial results.

First quarter normalized operating margin raised 100 basis points to 13.1 percent of sales, despite a 40 basis point enhance in advertising and promotion investment. Normalized operating income raised 12.6 percent to $171.8 million contrast with $152.6 million in the preceding year.

Stated operating margin raised 170 basis points to 9.5 percent of sales. Operating income raised 27.7 percent to $125.4 million contrast with $98.2 million in the preceding year.

Normalized net income raised 11.0 percent to $107.7 million contrast with $97.0 million in the preceding year. Normalized diluted earnings per share raised 11.1 percent to $0.40 contrast with $0.36 in the preceding year. The improvement in normalized diluted earnings per share was attributable to raised core sales, strong operating margin improvement as a result of reduced overhead expenses and the positive impact of fewer outstanding shares, which more than offset an enhance in advertising and promotion support, negative foreign currency impact and the absence of income from Venezuelan operations.

Newell Brands (NWL) is a leading global consumer goods company with a strong portfolio of well-known brands, counting Paper Mate, Sharpie, Dymo, EXPO, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Irwin, Lenox, Oster, Sunbeam, FoodSaver, Mr. Coffee, Rubbermaid Commercial Products, Graco, Baby Jogger, NUK, Calphalon, Rubbermaid, Contigo, First Alert, Waddington and Yankee Candle. Driven by a sharp focus on the consumer, leading investment in innovation and brands, and a performance-driven culture, Newell Brands assists consumers achieve more where they live, learn, work and play.

This press release and additional information about Newell Brands are accessible on the company’s website, www.newellbrands.com.

NVIDIA Corporation (NASDAQ:NVDA)

Stock’s Trading Stats:

NVIDIA Corporation (NASDAQ:NVDA) is surging 0.76% percent and is at $35.80 in the Real-Time trading session. The stock’s market capitalization stands at $19.13 Billion with outstanding shares of 544.55 Million.

Recent Press Release:

NVIDIA Corporation (NVDA) declared on April 28, 2016 it will host a conference call on Thursday, May 12, at 2 p.m. PT (5 p.m. ET) to talk about its financial results for the first quarter of fiscal year 2017, ending May 1, 2016.

The call will be webcast live (in listen-only mode) at the following websites: www.nvidia.com and www.streetevents.com. The company’s prepared remarks will be followed by a question and answer session, which will be limited to questions from financial analysts and institutional investors.

Ahead of the call, NVIDIA will provide written commentary on its first-quarter results from its CFO. This material will be posted to www.nvidia.com/ir right away after the company’s results are publicly declared at about 1:20 p.m. PT.

NVIDIA (NASDAQ: NVDA) is a computer technology company that has pioneered GPU-accelerated computing. It targets the world’s the most demanding users — gamers, designers and scientists — with products, services and software that power amazing experiences in virtual reality, artificial intelligence, professional visualization and autonomous cars. More information at http://nvidianews.nvidia.com/.

© 2016 NVIDIA Corporation. All rights reserved. NVIDIA and the NVIDIA logo are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and other countries. Other company and product names may be trademarks of the respective companies with which they are associated. Features, pricing, availability, and specifications are subject to change without notice.