Kenvue Inc. Q2 Profit Decreases, But Beats Estimates

(RTTNews) - Kenvue Inc. (KVUE) announced earnings for second quarter that decreased from the same period last year but beat the Street estimates.

The company's bottom line came in at $58 million, or $0.03 per share. This compares with $430 million, or $0.23 per share, in last year's second quarter.

Excluding items, Kenvue Inc. reported adjusted earnings of $0.32 per share for the period.

Analysts on average had expected the company to earn $0.27 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 0.3% to $4.000 billion from $4.011 billion last year.

Kenvue Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $58 Mln. vs. $430 Mln. last year. -EPS (Q2): $0.03 vs. $0.23 last year. -Revenue (Q2): $4.000 Bln vs. $4.011 Bln last year.

-Guidance: Full year EPS guidance: $1.10 - $1.20