Kimberly-Clark beats Q3 estimates but shares fall 1% amid China market volatility
KMB Kimberly-Clark Corp
$111.93 +3.23%
View chart & analysis → - 1Kimberly-Clark reported Q3 adjusted earnings per share of $1.70, exceeding the analyst consensus estimate of $1.61.
- 2Kimberly-Clark's Q3 revenue of $4.13 billion was higher than the analyst estimate of $4.11 billion.
- 3Organic sales decreased 1.3% due to China social media volatility and North American retailer inventory movements.
So what's the key point?
Kimberly-Clark earned more profit and revenue than experts expected. However, shares fell 1% due to volatility in the China market and inventory movements by North American retailers.
Source The Wall Street Journal +1 · View original ↗
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