Kimberly-Clark: 3Q Earnings Snapshot - Brownsville Herald: Texas

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Kimberly-Clark: 3Q Earnings Snapshot

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Posted: Tuesday, October 22, 2019 6:47 am | Updated: 7:16 am, Tue Oct 22, 2019.

DALLAS (AP) — Kimberly-Clark Corp. (KMB) on Tuesday reported third-quarter net income of $671 million.

The Dallas-based company said it had net income of $1.94 per share. Earnings, adjusted for restructuring gains, came to $1.84 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.80 per share.

The maker of consumer products such as Huggies diapers and Kleenex tissue posted revenue of $4.64 billion in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $4.65 billion.

Kimberly-Clark expects full-year earnings in the range of $6.75 to $6.90 per share.

Kimberly-Clark shares have risen 22% since the beginning of the year, while the Standard & Poor's 500 index has risen 20%. The stock has risen 26% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KMB at https://www.zacks.com/ap/KMB

© 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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