Better than expected were the profits of the battery company Energizer Holdings in the second quarter of the year until September 30.
Net income was $ 79.1 million, or $ 1.14 a share, for the quarter, compared with a loss of $ 55.6 million, or 67 cents a year, a year ago.
Adjusted earnings per share stood at 79 cents, higher than estimates for 73 cents.
Sales rose to $ 766 million from $ 763 million a year ago, also higher than the $ 736 million estimate.
Margins, however, were hit by higher import costs.
The company expects to benefit from the increased prices in the year 2022, although the cost of imports “continues to increase dramatically”.
Energizer estimates earnings per share for 2022 will be $ 3, lower than estimates for $ 4.35.
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Source From: Capital
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