Shares of Spectrum Brands Holdings (SPB) plummeted 6.86% in the pre-market trading session on Friday, following the company's fiscal fourth-quarter earnings report that missed Wall Street's expectations despite higher revenue.

The consumer goods company, which owns brands like Remington and George Foreman, reported adjusted earnings per share of $0.97 for the quarter ended September 30th, falling short of analysts' consensus estimate of $1.07 per share. While revenue increased 4.5% year-over-year to $773.7 million, exceeding forecasts of $747.8 million, the earnings miss overshadowed the top-line beat.

Spectrum's net income for the quarter stood at $28.6 million, or $1.01 per share, up from $16.8 million or $0.47 per share in the same period last year. The company attributed the higher profit to improved margins, driven by productivity improvements and inventory actions taken in the prior year.