Consumer products maker Newell Rubbermaid raised the low end of its full-year earnings forecast after reporting a better-than-expected quarter boosted by demand in Latin America and improved productivity.
What's the stock doing now? (Click here for the latest quote.)
The company, which makes Sharpie pens and Rubbermaid storage containers, raised the lower end of its profit forecast for 2013 by 2 cents to a range of $1.80 to $1.84 per share.
"We are well positioned to accelerate core growth in the back half of the year fueled by new item launches in Commercial Products, Tools, Writing and Baby and strengthened brand investment," said chief executive Michael Polk.
For the second quarter, the company earned 50 cents per share excluding one-time items, 1 cent above the average analyst estimate.
(Read more: Cramer's Game Plan: Earnings stock strategies)