Newell Brands stock pop after beating earnings

Employees assemble food containers on a production line at the Newell Rubbermaid factory in Mogadore, Ohio.
Ty Wright | Bloomberg | Getty Images
Employees assemble food containers on a production line at the Newell Rubbermaid factory in Mogadore, Ohio.

Newell Brands stock spiked 6 percent Friday after the company posted better-than-expected earnings.

The company formerly known as Newell Rubbermaid reported 78 cents per share for its second quarter, beating estimates by 6 cents.

Michael Polk, Newell Brands' chief executive officer, said the company's results benefited from the combination with Jarden Corporation.

"We are making good progress on the integration of the legacy Newell Rubbermaid and Jarden businesses," Polk said in a statement. "A number of work streams are in full flight and we are confident in our plans to deliver both the savings associated with Project Renewal and the $500 million in cost synergies expected over the next four years related to the Jarden transaction."

Newell saw strong sales in for its legacy brands and the brands it acquired after buying Jarden Corporation.

Newell Brands's shares have climbed 19 percent year to date.

Newell Brands' year-to-date performance: