Why Kimberly-Clark Stock Was Swooning on Tuesday
An unwelcome change in guidance was the development pushing down Kimberly-Clark's (NYSE: KMB) share price on Tuesday.
The sturdy consumer goods company released quarterly results that weren't awful, but the market was concerned about that adjustment. In mid-afternoon trading, Kimberly-Clark's stock was down by almost 3% as a result. Meanwhile, the bellwether S&P 500 index was rising by just under 2%.
Kimberly-Clark's first quarter of 2025 saw the company earn $4.84 billion in net sales, a figure that was down 6% from the same period of 2024. Management attributed the decline to "impacts of currency and divestitures and business exits." Nevertheless, analysts were collectively estimating a higher figure of $4.88 billion.
Source Fool.com
