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UPDATE 2-Francesca's, Newell Brands cut profit forecasts on Harvey impact

(Adds Francesca's results, updates Newell's shares)

Sept 6 (Reuters) - Sharpie maker Newell Brands Inc cut its adjusted profit outlook for 2017, while apparel retailer Francesca's Holdings Corp gave a quarterly profit forecast that was well below analysts' estimates, with both companies blaming Hurricane Harvey.

Since making landfall on Aug. 25, Harvey became the most powerful hurricane to hit Texas in more than half a century, affecting operations at companies ranging from crude oil refiners to insurers to automakers to retailers.

Newell's shares were down about 4 percent at $46.75 in premarket trading on Wednesday, while Francesca's shares tumbled about 8 percent to $6.71, set to test its record low.

Newell said nearly all of its suppliers of resin which it uses to make products such as cabinets and garbage containers with facilities in Texas and Louisiana had shut their plants for more than a week and some were yet to resume operations.

That, Newell said, resulted in a shortage of resin that is expected to persist through the fourth quarter and result in higher prices, rather than a drop as it had forecast, for the rest of 2017 and into 2018.

Newell said its search for alternative suppliers met with "some early success" but that costs were significantly higher than it had planned for.

Resin and metals account for 8-15 percent of Newell's raw material costs, according to the company's regulatory filing.

The company said it now expects a full-year adjusted profit of $2.95 to $3.05 per share, down from its previous forecast of $3.00 to $3.20. It left its sales forecast unchanged.

Francesca's said the hurricane hurt operations at about 40 of its 692 boutiques and had disrupted its supply chain, which was affecting all its boutiques. The company expects it will take a couple of weeks "before things normalize."

The retailer forecast a profit of up to 5 cents per share for the quarter ending Oct. 28, well below analysts' average estimate of 22 cents, according to Thomson Reuters I/B/E/S. (Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Savio D'Souza)