SKILLMAN, N.J. (AP) — SKILLMAN, N.J. (AP) — Kenvue Inc. (KVUE) on Thursday reported third-quarter profit of $383 million.
On a per-share basis, the Skillman, New Jersey-based company said it had net income of 20 cents. Earnings, adjusted for non-recurring costs, were 28 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.
The consumer health company posted revenue of $3.9 billion in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $3.92 billion.
Kenvue expects full-year earnings in the range of $1.10 to $1.20 per share.
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