Health and hygiene products maker Kimberly-Clark Corp (
) on Tuesday posted an 18% decline in fourth quarter earnings, hurt
by one-time items, and adjusted results still missed
The Dallas-based company reported fourth quarter net income of
$401 million, or $1.01 per share, compared with $492 million, or
$1.20 per share, in the year-ago period. Excluding one-time items,
adjusted profit was $1.28 per share.
Revenue rose 2% from last year to $5.18 billion.
On average, Wall Street analysts expected a higher profit of
$1.30 per share on larger revenue of $5.2 billion.
Looking ahead, the company forecast 2012 full-year earnings of
$5 to $5.15 per share, which would miss analyst estimates for $5.23
per share. KMB also said it would buy back $1.1 billion in stock
this year, while raising its dividend at a mid-single-digit
Kimberly-Clark shares fell $1.97, or -2.7%, in premarket trading
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 3.81% dividend yield, based on last night's closing
stock price of $73.52.
Kimberly-Clark Corp (
) is a "Recommended" dividend stock, holding a Dividend.com DARS™
Rating of 3.6 out of 5 stars.
Be sure to visit our complete recommended list of the
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, as well as a detailed explanation of
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