Sharpie maker Newell Brands down after forecasting Q4 profit below estimates

** Shares of Sharpie maker Newell Brands NWL.O down ~7% at $4.72 premarket

** Co forecasts Q4 profit below analysts' estimates amid persistent inflationary pressures

** Expects Q4 normalized EPS of 17 cents to 19 cents, below estimates of 19 cents — data compiled by LSEG

** However, co raises its annual net sales growth forecast to 2% to 3% vs prior target of 1% to 2%

** Co posts Q3 normalized EPS in line with expectations

** NWL reports Q3 sales of $1.87 billion, compared with estimates of $1.86 billion

** Up to last close, NWL up about 37% YTD