Kenvue second quarter results fall short of expectations, sending shares lower

Kenvue Inc. (NYSE:KVUE) reported second-quarter results that fell slightly below Wall Street expectations, causing its shares to drop by about 2%. The consumer health company reported adjusted diluted earnings per share of $0.31 on revenue of $3.96 billion, missing analyst estimates of $0.32 EPS and $3.97 billion revenue. Despite the miss, Kenvue's CEO noted the company achieved its third consecutive quarter of net and organic sales growth across all segments and regions.