Currently looking at their Yahoo! Finance page. They have earnings of -$7.31 billion for 3Q2018, yet the EPS for Q3 is report as 0.81. Shouldn't the EPS be negative as well?
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$7B is a pretty big number for a company I've never heard of....– xyiousDec 12, 2018 at 22:05
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2@xyious I strongly suspect your employer is their number one customer. The company used to be called NewellRubbermaid until 2016, but they also own the Sharpie, Sunbeam, Rival, Crock-Pot, Oster, Mr. Coffee, Xacto brands and more.– user71659Dec 13, 2018 at 2:08
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Still, think about the sheer scale of that number. Less than 2000 companies even have revenues over $1B. Let alone losing $7B.– xyiousDec 13, 2018 at 16:29
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I checked against their quarterly earnings report and it is correct (it's due to a lot of reorganizing). But my question still remains.– Shawn ZamperiniDec 14, 2018 at 17:06
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1 Answer
I am not exactly sure what you are looking at, but on the balance sheet there seems to be an answer to your question.
In Q3/2018 Net Income is (54,400) There is also a Non-Reoccurring revenue source (discounted operations) of 107,000
This resulted in Net Income Applicable to Shareholders of 53,300, and would result in a positive EPS.
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Are those numbers you listed not for Q1/2018? I think for Q3/2018 the Net Income Applicable to Shareholders is (7,311,000). Dec 12, 2018 at 20:52
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