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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NEUTRAL IMPACT
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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