Kenvue Q4 Adj EPS $0.31 Beats $0.28 Estimate, Sales $3.67B Miss $3.78B Estimate
Portfolio Pulse from Benzinga Newsdesk
Kenvue reported Q4 adjusted earnings of $0.31 per share, surpassing the $0.28 estimate. However, its sales of $3.67B fell short of the $3.78B estimate.
February 08, 2024 | 12:00 pm
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Kenvue's Q4 adjusted EPS exceeded expectations, but sales did not meet forecasts.
While Kenvue's earnings per share outperformed analyst expectations, the miss on sales forecasts could temper investor enthusiasm, leading to a neutral short-term impact on the stock price. The beat on EPS is positive, but the sales miss indicates potential challenges in revenue growth, making the overall impact on the stock mixed.
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