Energizer Holdings Inc. shares ENR, +1.30% rose 3.4% in premarket trade Monday, after the battery maker blew past estimates for its fiscal first quarter. The company posted net income of $63.1 million, or 91 cents a share, in the quarter to Dec. 31, up from $42.1 million, or 60 cents a share, in the year-earlier period. Adjusted per-share earnings came to $1.17, well ahead of the 89 cents FactSet consensus. Sales rose to $848.6 million from $736.8 million, also ahead of the FactSet consensus of $790.0 million. “We met elevated demand, while also reducing the incremental costs we incurred in the second half of fiscal 2020,” Chief Executive Mark LaVigne said in a statement. The company raised its fiscal year adjusted EPS outlook to a range of $3.10 to $3.40, well ahead of the $3.01 FactSet consensus. Shares have fallen 10.5% in the last 12 months, while the S&P 500 SPX, +0.39% has gained 17%.
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