5 Stocks Gaining Attention After Posting Their Quarterly Results

In this article, we discuss the 5 stocks gaining attention after posting their quarterly results. If you want to read our detailed analysis of these companies, go directly to the 10 Stocks Gaining Attention After Posting Their Quarterly Results.

5. Kimberly-Clark Corporation (NYSE:KMB)

Number of Hedge Fund Holders: 37

Shares of Kimberly-Clark Corporation (NYSE:KMB) fell over two percent on Monday, 25 October 2021, after its third quarter profit missed expectations. The maker of paper-based consumer products reported adjusted earnings of $1.62 per share, down from $1.72 per share in the comparable period of 2020.

Revenue came in at $5.01 billion, compared to $4.68 billion in the same period last year. Analysts were expecting Kimberly-Clark Corporation (NYSE:KMB) to report earnings of $1.65 per share on revenue of $4.99 billion.

If we look at the performance of key business divisions, revenue from the personal care segment jumped 14 percent to $2.7 billion, while revenue from the consumer tissue segment slipped five percent to $1.5 billion.

Discussing the results, CEO Mike Hsu said:

“Our earnings were negatively impacted by significant inflation and supply chain disruptions that increased our costs beyond what we anticipated.  We are taking further action, including additional pricing and enhanced cost management, to mitigate these headwinds as it is becoming clear they are not likely to be resolved quickly.”

Kimberly-Clark Corporation (NYSE:KMB) also slashed its profit outlook for the full year. The company now expects to report adjusted earnings in the range of $6.05 – $6.25 per share, versus its previous forecast of $6.65 – $6.90. The updated outlook is also below the consensus forecast of $6.70 per share.