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Kimberly-Clark up after Q3 preliminary results above estimates

BUZZ-Kimberly-Clark up after Q3 preliminary results above estimates

Updates

** Kimberly-Clark KMB.O shares up as much as 5.3% at $104.77

** If gains hold, stock on track for best day since April 2024

** The Huggies diaper maker sees Q3 results above est. on strong demand

** Forecasts Q3 net sales of $4.13 bln; analysts on avg. expect $4.10 bln - data compiled by LSEG

** Co expects adj. EPS from continuing ops. to be $1.70 vs est $1.59

** On track to complete ~$40 bln acquisition of Kenvue KVUE.N by year-end

** Reaffirms annual targets

** KMB scheduled to report Q3 on November 5

** Up to last close, KMB down ~1% YTD


(Reporting by Shania S Thomas in Bengaluru)

((shanias.thomas@thomsonreuters.com))

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