Kimberly-Clark Q4 Profit Gains 2%, Beating Estimates (KMB)

By
A A A
Share |

Health and hygiene products maker Kimberly-Clark Corporation ( KMB ) on Tuesday posted a 2% rise in fourth quarter profit - enough to beat analyst estimates.

The Dallas-based company reported fourth quarter net income of $492 million, or $1.20 per share, compared with $492 million, or $1.17 per share, in the year-ago period.

Revenue rose almost 2% from last year as well, to $5 billion.

On average, Wall Street analysts expected a smaller profit of $1.15 per share, on matching sales of $5 billion.

Looking ahead, the company predicted a 3% to 4% rise in sales for 2011.

Kimberly-Clark shares rose 53 cents, or +0.8%, in premarket trading Tuesday.

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 4.13% dividend yield, based on last night's closing stock price of $63.97.

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.

Created by Dividend.com


This article appears in: Investing , Stocks

Referenced Stocks: KMB

Dividend.com

Dividend.com

More from Dividend.com:

Related Videos

The Pumpkin Carvers
The Pumpkin Carvers                 

Stocks

Referenced

100%

Most Active by Volume

88,066,694
  • $97.19 ▲ 2.61%
58,241,731
  • $71.29 ▲ 2.92%
51,058,864
  • $44.87 ▲ 0.09%
48,927,829
  • $28.75 ▲ 0.81%
46,551,917
    $15.52 unch
40,249,498
  • $3.46 ▼ 0.57%
38,633,031
  • $22.43 ▼ 9.63%
38,240,825
  • $34.71 ▲ 3.30%
As of 7/23/2014, 04:04 PM