Shares of Newell Brands Inc. NWL tumbled 12.2% toward a 14-year low in premarket trading Friday, after the consumer brands company missed third-quarter revenue estimates and provided a downbeat outlook for the current quarter. The company swung to a net loss of $218 million, or 53 cents a share, from net income of $19 million, or 5 cents a share, in the year-ago period. Excluding nonrecurring items, such as $263 million in impairment charges, adjusted earnings per share came to 39 cents, above the FactSet consensus of 23 cents, as cost cuts and saving initiatives helped boost gross margin to 30.3% from 29.2%. But sales…
