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Newell Rubbermaid (NWL) cuts its 2011 outlook on the back of "persistent softness in the U.S....

Newell Rubbermaid (NWL) cuts its 2011 outlook on the back of "persistent softness in the U.S. economy," "increased inflationary pressure" and "weak consumer spending trends." NWL says Q2 profit will fall short of its target and full-year adjusted EPS will be in the range of $1.60-1.67. (PR)

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Comments (1)
  • tigersam
    , contributor
    Comments (1711) | Send Message
     
    This is interesting. Everything Newell makes are necessary things. Even in recession you need this products. Weakness in economy should not cause problem for them. Increase prices for raw material is definitely the problem. I guess no body is using pencils and pens anymore after invention of IPAD.
    3 Jun 2011, 07:21 AM Reply Like
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