Kimberly-Clark Q1 Adj $2.01 Beats $1.63 Estimate, Sales $5.15B Beat $5.09B Estimate
Portfolio Pulse from Benzinga Newsdesk
Kimberly-Clark reported Q1 adjusted earnings of $2.01 per share, surpassing the $1.63 estimate, and sales of $5.15B, exceeding the $5.09B estimate. This represents a 23.31% earnings beat and a slight 0.89% decrease in sales from the previous year.
April 23, 2024 | 11:03 am
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Kimberly-Clark's Q1 earnings exceeded estimates with a 23.31% beat and sales also surpassed expectations, despite a slight year-over-year decrease.
The significant beat on both earnings and sales estimates is likely to positively impact investor sentiment towards Kimberly-Clark in the short term. The earnings beat by 23.31% and the sales beat, even with a slight year-over-year decrease, indicate strong operational performance and efficiency, which are key drivers of stock price appreciation. However, the slight decrease in sales year-over-year introduces a note of caution, hence the importance is not at the maximum.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100