News Update: Newell Rubbermaid Inc's 2010 EPS Expected at $1.14-$1.24 Per Share

Newell Rubbermaid Inc. (NYSE:NWL) officials said Thursday morning that the company expects 2010 EPS to range between $1.14 per share to $1.24 per share.

The company also expects 2010 adjusted earnings to range between $1.38 per share to $1.48 per share.

Consensus expectations for the company's 2010 earnings came in at $1.47 per share.

Newell Rubbermaid expects profits to range between $50 million and $60 million once the company completes its European Transformation Plan in 2012.

The plan is expected rack up restructuring costs in the range of $90 million to $100 million by the close of 2011.

Shares of Newell Rubbermaid closed Wednesday's trading day at $16.89.

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