P&G and Kimberly Clark Prove Upside Economic Momentum to Analysts
Kimberly-Clark Corporation (NYSE:KMB) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. 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.
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.