Kenvue slips after slight quarterly miss
KVUE•Shares fall after Q2 sales and profit miss
Shares of Kenvue fell 2.85% to $19.11 after the company reported second-quarter results that slightly missed analyst estimates.
- Q2 net sales of $3.96 billion slightly missed analyst estimates of $3.97 billion, according to LSEG data.
- The company posted adjusted profit per share of 31 cents versus estimates of 32 cents.
- Kenvue expects its deal with Kimberly-Clark to close in Q4.
- The stock is up 11% year to date.
