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Energizer's 1Q Beats Amid Lackluster Sales
Energizer Holdings Inc. (ENR - Analyst Report) announced first-quarter earnings of $1.12 per share, excluding items, which beat the consensus estimate of by 4 cents.
The stock has declined almost 4% today accompanied by volume of almost 670,000, compared to the average volume of 627,000.
The maker of batteries was hurt by weak consumer spending amid this recession, which caused revenues to decline 7% year over year to $880.4 million.
The fiscal 2009 earnings consensus is down 2 cents over the past 30 days to $5.47, as 2 out of 11 analysts lowered expectations.
ENR is a Zacks #3 Rank ("Hold") company.
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| Market Summary | Feb 09, 2010 23:40 pm ET |
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