Newell Brands Inc. (NASDAQ:NWL) shares are trading higher, fueled by better-than-expected second-quarter earnings and a raised FY24 outlook. The company reported adjusted earnings per share of 36 cents, beating the analyst consensus of 21 cents. Second quarter net sales were $2.03 billion, a 7.8% decline from the prior year period. Sales missed the street view of $2.046 billion. Core sales declined 4.2% compared with the prior year period. Gross margin increased to 34.4% compared with 28.5% in the prior year period. Normalized gross margin increased to 34.8% compared with 29.9% in the prior year period. Also Read: