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