Kimberly-Clark Corp. (NYSE: KMB) Friday reported its second-quarter financial results. Earnings and revenues decreased from last year and missed analysts’ estimates.
Second-quarter adjusted earnings declined to $1.47 per share from $2.20 in the year-ago quarter and came in below the Street view. Net income for the June quarter was $404 million or $1.19 per share, compared to $681 million or $1.99 per share in the same period of 2020.
Meanwhile, total sales increased 2% year-over-year to $4.72 billion, which was slightly below the consensus forecast.
Read management/analysts’ comments on Kimberly-Clark’s Q2 report
Shares of Kimberly-Clark dropped early Friday following the earnings release, after closing the previous session lower.
