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Energizer (ENR -11%) is getting punished today after posting FQ3 results that missed top line...

Energizer (ENR -11%) is getting punished today after posting FQ3 results that missed top line estimates. Total revenue dropped nearly 9% Y/Y, due to weakness in battery sales and higher competition on razors. The company also issued a cautious outlook, noting that competition in its personal-care business has ratcheted up recently, as well as signs of softening economic conditions. The company warned that further action might need to be taken to adjust its cost structure.
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