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.
Shares of Kimberly-Clark dropped early Friday following the earnings release, after closing the previous session lower.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
The business world is still struggling to come out of the virus-induced slowdown, but it seems almost every retail segment benefited from the pandemic at some point. The vaccination drive
General Mills (GIS): Three factors that are expected to help drive growth for the food company going forward
Shares of General Mills Inc. (NYSE: GIS) were up 3.2% on Wednesday after the company delivered better-than-expected results for the first quarter of 2022. Net sales rose 4% year-over-year to
It is estimated that the alternative investments industry has expanded at a compound annual rate of 10.2% over the past ten years and had $11 trillion in assets under management