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Kimberly-Clark (KMB) Beats on Earnings and Revenue Estimates

Kimberly-Clark CorporationKMB is one of the leading players in several consumer product categories including diapers, paper goods, and female personal care. Kimberly-Clark regularly focuses on improving its products through innovation in order to remain competitive and drive growth.

Kimberly-Clark's cost saving measures, regular innovations, growth initiatives and a strong international presence are strong pillars of the company and have been driving earnings for the past many quarters. However, much like the rest of the consumer staple companies, Kimberly-Clark remains exposed to currency headwinds and input cost inflation. Due to this, investors are eagerly awaiting Kimberly-Clark's earnings report.

Investors should also note the recent earnings estimate revisions for KMB, as the consensus estimate has been moving slightly downwards. KMB has a mixed history in earnings season. KMB has delivered three positive and one negative surprise in the last four quarters, making for a positive average surprise of 3.39%.

Currently, KMB has a Zacks Rank #3 (Hold), but that could definitely change following Kimberly-Clark's earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: KMB beats on earnings. Our consensus called for EPS of $1.49, and the company posted adjusted EPS of $1.51 per share instead. Investors should note that these figures take out stock option expenses.

Revenue: KMB posted revenues of $4.72 billion. This smoothly beats our consensus estimate of $4.65 billion.

Key Stats to Note: Organic sales grew 5% in the quarter, which includes a 10% increase in developing and emerging markets. KMB has raised the lower end of its previous guidance ranges for full-year organic sales growth and adjusted earnings per share.

Stock Price: In-active in pre-market trading .

Check back later for our full write up on this KMB earnings report later!

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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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