NEW YORK (MarketWatch) --
Newell Rubbermaid Inc., the Atlanta household-products major, reported fourth-quarter
net income rose 6.2% on 3.7% higher sales. Earnings reached $80.4 million, or 27 cents a share, from $75.7 million, or 25 cents, in the year-earlier period. The latest core earnings were 40 cents a share against 33 cents a year earlier, the company said in a Friday statement. Sales were $1.5 billion versus $1.44 billion. A survey of analysts by FactSet Research produced consensus estimates of 38 cents a share of profit on $1.49 billion of sales. Gross-profit margin narrowed 0.1 percentage point to 37.2%; "pricing and productivity largely offset ... input-cost
inflation and costs associated with operational issues" at the Decor unit, the company said. NWL estimated adjusted profit for 2012 at $1.63 to $1.69 a share against the FactSet-derived estimate of $1.68.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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