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Kimberly-Clark Shares Tumble After Missing Revenue Targets Despite Earnings Growth
Kimberly-Clark Corporation (NYSE:KMB) shares are trading lower following mixed second-quarter earnings.
Kimberly-Clark reported quarterly adjusted earnings per share of $1.96 (+19%), beating the analyst consensus of $1.71.
Quarterly revenues of $5.029 billion, missing the street view of $5.109 billion.
Sales in the second quarter reflected a 2% decline from the previous year, influenced by a 5% currency translation impact and a 1% decrease due to the divestiture of the Tissue and K-C Professional business in Brazil in June 2023.
Innovation-led volume gains, effective cost management, and productivity drove ...