Kimberly-Clark posts preliminary quarterly results above estimates

By Reuters News

Oct 15 (Reuters) - Kimberly-Clark KMB.O on Thursday reported preliminary third-quarter sales and profit above Wall Street expectations on the back of steady demand for its products including Huggies diapers and Kleenex tissues.


Here are more details:

  • The Dallas-based company expects third-quarter net sales of $4.13 billion, compared with analysts' average estimate of $4.10 billion, according to data compiled by LSEG

  • It expects adjusted profit of $1.70 per share for the quarter, above estimates of $1.59

  • Shares of the company rose 3% in premarket trading following the preliminary results

  • The company is set to complete its roughly $40 billion acquisition of Kenvue KVUE.N in a massive deal by the end of the year

  • Kimberly-Clark reaffirmed its full-year 2026 targets after it slashed its annual revenue and profit forecasts last quarter

  • The company will release its third-quarter results on November 5

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