Newell Brands (NASDAQ: NWL) garnered positive media attention for successfully re-shoring Sharpie marker production to the U.S. after a $2 billion investment. However, the company reported disappointing third-quarter earnings, missing Wall Street expectations with an adjusted profit of $0.17 per share and revenue of $1.8 billion. As a result, Newell’s stock plummeted 30% by 10:05 a.m. ET. Despite its manufacturing achievements, financial performance overshadowed the positive press.
