Kimberly-Clark Q1 Profit Slips 9% on Higher Costs (KMB)

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Health and hygiene products maker Kimberly-Clark Corporation ( KMB ) on Monday said its first quarter profit fell 9% from last year, missing analyst estimates and sending its shares lower in premarket trading.

The Dallas-based company reported first quarter net income of $350 million, or 86 cents per share, compared with $384 million, or 92 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was $1.09 per share.

Sales rose 4% from last year to $5.03 billion.

On average, Wall Street analysts expected a higher profit of $1.17 per share, on matching revenue of $5.03 billion.

The company said it higher costs would continue to hamper its profits this year. It now expects adjusted full-year earnings to range from $4.80 to $5.05 per share, compared with a prior range of $4.90 to $5.05.

Kimberly-Clark shares fell $2.35, or -3.7%, in premarket trading Monday.

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 4.24% dividend yield, based on Friday's closing stock price of $66.05.

Kimberly-Clark Corporation ( KMB ) is a "Recommended" dividend stock, 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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