Kimberly-Clark Corporation reported its third-quarter 2024 earnings, beating estimates with earnings per share of $1.83 against the expected $1.69. However, the company missed revenue expectations, reporting $4.95 billion compared to the anticipated $5.06 billion. Net sales were down 4 percent to $5.0 billion, with organic sales growth of 1 percent versus the prior year. The reported gross margin was 36.0 percent, while the adjusted gross margin was 36.7 percent, up 90 basis points from the previous year. The company also lowered its full-year organic sales forecast, citing a shift in consumer preference towards cheaper alternatives. Despite the revenue shortfall, Kimberly-Clark reaffirmed its profit outlook for 2024 and noted market share gains and improved productivity. The company's stock fell 3.6% in pre-market trading following the announcement.