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Why Edgewell Personal Care Is Falling Today

Why Edgewell Personal Care Is Falling Today

Shares of Edgewell Personal Care (NYSE: EPC) were tumbling 11% in morning trading Tuesday, after the company reported fiscal third-quarter results that missed analyst expectations on the top and bottom lines. Edgewell management says that, when taking into account the impact of COVID-19, its organic sales were actually flat to just slightly down compared with the year-ago period, in keeping with its recent trend. Earlier this year the Federal Trade Commission determined that Edgewell Personal Care's acquisition of direct-to-consumer (DTC) brand Harry's was nothing like Unilever's purchase of Dollar Shave Club, and it squashed the takeover attempt.