Kimberly Clark Reports Increased Profits; Misses Estimates (KMB)

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Health care product maker, Kimberly Clark Corp( KMB ) reported increased profit on Wednesday, but missed analysts expectations.

The Dallas based company reported third quarter profit of $517 million, or $1.30 a share, a 16% increase over last years profit of $432 million, or $1.09 a share. Analysts had expected earnings of $1.33 a share.

KMB reported revenue of $5.25 billion, missing analysts expectations of $5.34 billion by 1.6%.

Looking ahead, KMB expects its 2012 earnings outlook in a range of $5.15 to $5.25 a share. The company previously reported an outlook range of $5.05 to $5.20.

The company also noted that they are planning to stop selling diapers, as well as some other products in most of Western and Central Europe.

Kimberly Clark shares were up 47 cents, or 0.55% during premarket trading Wednesday.

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 3.44% dividend yield, based on last night's closing stock price of $85.94.

Kimberly Clark Corp( KMB ) is a "Recommended" dividend stock at this time, holding a Dividend.com DARS™ Rating of 3.5 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.

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This article appears in: Investing , Stocks

Referenced Stocks: KMB

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