News Column

Kimberly-Clark 2Q profit drops 3.2 percent

July 22, 2014



IRVING, Texas (AP) Kimberly-Clark Corp. (KMB) on Tuesday reported earnings that decreased by 3.2 percent in its second quarter. The results matched analysts' expectations.

The Irving, Texas-based company said profit fell to $509 million, or $1.35 per share, from $526 million, or $1.36 per share, in the same quarter a year ago.

Earnings, adjusted for non-recurring costs, were $1.49 per share. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.49 per share.

The company said revenue climbed 1.4 percent to $5.34 billion from $5.27 billion in the same quarter a year ago, and beat Wall Street forecasts. Analysts expected $5.31 billion, according to Zacks.

Kimberly-Clark shares have risen $7.85, or 7.5 percent, to $112.31 since the beginning of the year, while the Standard & Poor's 500 index has risen 6.8 percent. The stock has increased $14.63, or 15 percent, in the last 12 months.

This story was generated automatically by Automated Insights (http://automatedinsights.com/ap ) using data from Zacks Investment Research. Full KMB report: http://www.zacks.com/ap/KMB

Keywords:Kimberly-Clark,Earnings Report


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Source: Associated Press


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