Kimberly-Clark Says Reported Operating Profit And EPS Are Now Expected To Be Negatively Impacted By Approximately 650 Basis Points From Currency Translation Versus A Previous Expectation Of 700 Basis Points
Portfolio Pulse from Benzinga Newsdesk
Kimberly-Clark has revised its expectations for the negative impact of currency translation on its operating profit and EPS, reducing the expected impact from 700 basis points to 650 basis points.
October 22, 2024 | 10:41 am
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Kimberly-Clark has adjusted its forecast for the negative impact of currency translation on its operating profit and EPS, now expecting a 650 basis point impact instead of 700. This suggests a slightly improved outlook.
The reduction in expected negative impact from currency translation indicates a slightly better financial outlook for Kimberly-Clark, which could positively influence investor sentiment and the stock price in the short term.
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