Energizer rises on Q4 results beat

Energizer Holdings

14/11/2023 16:22

(Updates)
    ** Shares of electrical components and equipment firm
Energizer Holdings  ENR.N  up 8.39% at $36.45
    ** Stock hits highest in more than three months 
    ** Co's Q4 net sales rise 2.6% to $811 mln on beneficial
pricing in the battery and auto care segments, and an increase
in battery sales volumes; average analysts' expectation was
$797.41 mln per LSEG data
        ** Co reports adjusted profit of $1.20/shr, beats
average analysts' estimate of $1.13/shr - LSEG
  
    ** Co forecasts Q1 2024 adjusted profit between $0.50-$0.60
per share, citing weaker sales, below average analysts' estimate
of $0.86 per share, as per LSEG
    ** Including session's gains, stock has risen 8.61% YTD   
    

 (Reporting by Kabir Dweit)
 ((Kabir.Dweit@thomsonreuters.com))