** Shares of Sharpie maker Newell Brands NWL.O plunge ~12% to $8.56 premarket
** NWL expects Q1 loss on increased promotional costs, and greater-than-expected decline in annual sales due to tepid demand
** NWL anticipates loss between 6 cents and 9 cents per share in Q1 vs estimates of profit of 3 cents per share - LSEG-compiled data
** Expects Q1 net sales to be down 5% to 8% vs estimates of a drop of 3.4%
** Forecasts FY25 net sales to decline in the range of 2% to 4% vs analysts' estimates of 0.7% decline
** NWL rose about 15% in 2024
(Reporting by Anuja Bharat Mistry in Bengaluru)
((AnujaBharat.Mistry@thomsonreuters.com))
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