Spectrum Brands Holdings Inc. /zigman2/quotes/209008733/composite SPB -1.24% on Wednesday reported a better-than-expected adjusted profit as well as in-line revenue for its fiscal third quarter. Shares of the company, which owns brands like Black + Decker and George Foreman, were inactive in premarket trading. The company posted a net loss from continuing operations of $24.7 million, or 51 cents a share, after a net profit from continuing operations of $398.9 million, or $11.68 a share, a year earlier. Spectrum Brands said its net loss was driven by an unrealized loss on Energizer Holdings Inc. common stock /zigman2/quotes/209643437/composite ENR -4.79% as well as the absence of a large income-tax benefit that helped the prior year's results. The company recorded adjusted earnings per share from continuing operations of $1.35, down from $1.76 a year prior and ahead of the $1.25 FactSet consensus. Revenue of $1.02 billion was roughly in line with a year earlier and with consensus projections. The company said that top-line growth was impacted by "a cool, wet May and June this year," which affected Spectrum's home and garden business. The stock is up 10% so far this year, as the S&P 500 /zigman2/quotes/210599714/realtime SPX -1.51% has risen 15%.