Energizer Holdings announced better-than-expected earnings for the second quarter of the year, after raising prices for batteries in both units (personal care-consumer products, and car care products.
The company reported a net profit of $ 19 million, or 27 cents a share, after losing $ 14.3 million, or 21 cents a share, a year ago.
Adjusted earnings per share stood at 47 cents against estimates for 38 cents.
Sales rose to $ 685.4 million from $ 685.1 million a year ago, also higher than the $ 655 million estimate.
The company expects sales to increase in the year by a low single digit amount, and expects adjusted earnings per share to be $ 3-3.30, compared to estimates for $ 3.17.
Source: Capital
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