Kimberly-Clark Q2 Profit up 24%; Full-Year Sales Outlook Trimmed (KMB)

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Health and hygiene products maker Kimberly-Clark Corporation ( KMB ) on Friday said its second quarter profit rose 24% from last year, beating expectations, although its revenue fell short and the company trimmed its full-year sales outlook.

The Dallas-based company reported second quarter net income of $498 million, or $1.20 per share, compared with $403 million, or 97 cents per share, in the year-ago period.

Sales rose close to 3% from last year, to $4.86 billion.

On average, Wall Street analysts expected a smaller profit of $1.13 per share, albeit on higher revenue of $4.95 billion.

Looking ahead, the company said it expects full-year profits to fall on the lower-end of its previously-announced range of $4.80 to $5.00 per share. It cut its full-year sales outlook, though, noting it now expects sales to rise 3% to 5%, compared with previous estimates for a 4 percent to 6 percent.

Kimberly-Clark shares fell 27 cents, or -0.4%, in premarket trading Friday.

The Bottom Line
We have been recommending shares of KMB since July 23, 2009, 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 $62.96.

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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