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

Share |

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 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 The NASDAQ OMX Group, Inc.

Created by

This article appears in: Investing , Stocks

Referenced Stocks: KMB

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by