Kimberly-Clark Q2 2024 Adj EPS $1.96 Beats $1.71 Estimate, Sales $5.029B Miss $5.109B Estimate
Portfolio Pulse from Benzinga Newsdesk
Kimberly-Clark (NYSE:KMB) reported Q2 2024 adjusted EPS of $1.96, beating the $1.71 estimate, but sales of $5.029 billion missed the $5.109 billion estimate. EPS increased by 18.79% year-over-year, while sales decreased by 2.05%.
July 23, 2024 | 10:32 am
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NEUTRAL IMPACT
Kimberly-Clark's Q2 2024 earnings per share (EPS) of $1.96 beat analyst estimates by 14.62%, showing strong profitability. However, sales of $5.029 billion missed estimates by 1.57%, indicating potential challenges in revenue growth.
The strong EPS performance indicates good cost management and profitability, which is positive for the stock. However, the miss on sales suggests potential issues in revenue growth, balancing the overall impact to neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100