Kimberly Clark Q1 Profit Surges 34%; Forecast Reiterated (KMB)

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Health and hygiene products maker Kimberly Clark Corp ( KMB ) said Friday that its first quarter earnings jumped 34% from last year, beating Wall Street estimates and sending its shares higher in premarket trading.

The Dallas-based company reported first quarter net income of $468 million, or $1.18 per share, compared with $350 million, or 86 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was $1.24 per share.

Revenue rose 4% from last year to $5.24 billion.

On average, Wall Street analysts expected a smaller profit of $1.17 per share, on lower revenue of $5.05 billion.

Looking ahead, KMB reiterated its previously-announced full-year adjusted earnings outlook of $5 to $5.15 per share.

Kimberly Clark Corp ( KMB ) rose $1.48, or +2%, in premarket trading Friday.

The Bottom Line
We have been recommending shares of Kimberly Clark ( KMB ) since July 23, 2009, when the stock was trading at $54.46. The company has a 3.93% dividend yield, based on last night's closing stock price of $75.27.

Kimberly Clark Corp ( KMB ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.6 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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