Kimberly-Clark Earnings: Here’s Why Investors are Buying More Shares Now
Kimberly-Clark Corporation (NYSE:KMB) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.39%.
Kimberly-Clark Corporation Earnings Cheat Sheet
Results: Net income decreased -33.42% to $267 million ($1.37 per diluted share) in the quarter versus a net gain of $401 million in the year-earlier quarter.
Revenue: Rose 2.4% to $5.3 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Kimberly-Clark Corporation reported adjusted net income of $1.37 per share. By that measure, the company beat the mean analyst estimate of $1.35. It beat the average revenue estimate of $5.19 billion.