Investing.com – Kimberly-Clark (NYSE:) reported on Tuesday third quarter that missed analysts’ forecasts and revenue that topped expectations.
Kimberly-Clark announced earnings per share of $1.40 on revenue of $5.10. Analysts polled by Investing.com anticipated EPS of $1.46 on revenue of $5.02B.
Kimberly-Clark shares are down 18% from the beginning of the year and are trading at $116.55 , down-from-52-week-high.
Kimberly-Clark shares gained 0.60% in pre-market trade the report.
Kimberly-Clark follows other major Consumer Staples sector earnings this month
Kimberly-Clark’s report follows an earnings beat by Procter&Gamble on Wednesday, October 19, 2022, who reported EPS of $1.57 on revenue of $20.6B, compared to forecasts EPS of $1.56 on revenue of $20.37B.
Coca-Cola had beat expectations on Tuesday with third quarter EPS of $0.69 on revenue of $11.1B, compared to forecast for EPS of $0.64 on revenue of $10.53B.
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