Stock Alert: Edgewell Personal Down As Results Miss Estimates

(RTTNews) - Edgewell Personal Care Co. (EPC) shares are sliding more than 8 percent on Tuesday morning trade after the company's third-quarter results missed Wall Street estimates. Currently, EPC is trading at $27.55, down 10.67 percent from its previous close of $30.84. The company reported profit of $4.7 million or $0.09 per share, compared to loss of $460.7 million or $8.51 per share in the prior year.

On an adjusted basis, earnings were $0.66 per share. Wall Street analysts were looking for earnings of $0.82 per share.

Net sales were $483.9 million, down 20.6 percent from $609.2 million a year ago. Analysts expected revenue of $530.03 million.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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