Kimberly-Clark Q1 Profit Falls, but Adjusted Net Beats View (KMB)

By Staff,

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Health and hygiene company Kimberly-Clark Corporation ( KMB ) said Thursday that its first quarter profit fell 6% from last year, but adjusted results beat analyst expectations.

The Dallas-based company reported first quarter net income of $384 million, or 92 cents per share, compared with $407 million, or 98 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was $1.14 per share.

On average, Wall Street analysts expected a smaller profit of $1.13 per share.

Despite the profit drop, sales rose 8% from last year to $4.84 billion, helped by a weaker dollar and higher selling prices. The company also backed its full-year guidance.

Kimberly-Clark shares rose 50 cents, or +0.8%, in premarket trading Thursday.

The Bottom Line
We have been recommending shares of KMB since July 23, when the stock was trading at $54.46. The company has a 4.19% dividend yield, based on last night's closing stock price of $62.95.

Kimberly-Clark Corporation ( KMB ) is a "recommended" dividend stock, holding a 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 Nasdaq, Inc.

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This article appears in: Investing Stocks
Referenced Stocks: KMB

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