12:52 PM EDT, 08/06/2024 (MT Newswires) -- (Updates with the latest stock movement in the headline and first paragraph.)

Kenvue's ( KVUE ) shares were up more than 13% in recent Tuesday trading after the company posted Q2 adjusted earnings of $0.32 per diluted share, up from $0.31 a year earlier.

Analysts polled by Capital IQ expected $0.28.

Revenue for the quarter ended June 30 was $4 billion, compared with $4.01 billion a year earlier.

Analysts surveyed by Capital IQ expected $3.93 billion.

The company reaffirmed its 2024 adjusted EPS guidance of $1.10 to $1.20. Analysts polled by Capital IQ expect $1.14.

Meanwhile, the company said it still expects net sales growth of 1% to 3% for the year. Analysts surveyed by Capital IQ expect revenue of $15.65 billion.

Price: 20.65, Change: +2.46, Percent Change: +13.52