Why Energizer Holdings Stock Sank Today
Shares of Energizer Holdings (NYSE: ENR) fell more than 14% on Tuesday following the release of its fiscal third-quarter results.
Aided by acquisitions, Energizer Holdings' net sales surged 64.8% to $647.2 million. However, this was well below Wall Street's estimates for sales of $674 million.
Moreover, Energizer's non-GAAP (adjusted) earnings per share came in at $0.37. That, too, was below analysts' expectations for adjusted EPS of $0.46.
Quelle Fool.com
