Why Energizer Stock Plunged Today
Shares of Energizer Holdings (NYSE: ENR) declined by more than 18% on Tuesday after the battery producer's profits fell short of investors' expectations.
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Energizer's net sales rose by 3.4% year over year to $832.8 million in its fiscal fourth quarter ended Sept. 30. The battery maker's sales were boosted by its acquisition of Advanced Power Solutions in May, which helped to bolster its manufacturing network in Europe.
Source Fool.com
