Consumer-products company, Kimberly-Clark Corp. (NYSE: KMB) reported on Tuesday that fiscal third quarter income rose 5.6%, aided by higher margins and organic sales growth. Stripping out onetime items, Kimberly Clark posted earnings of $1.44 a share, up from $1.34 a share, in the year-ago period. Sales inched up 0.3% to $5.26 billion; however, organic sales climbed 5%. Analysts’ consensus estimate was for earnings of $1.40 a share on revenue of $5.23 billion. The Company also lifted its lower end of the full-year earnings guidance by five cents. The Company expects full-year earnings to be in the range of $5.65 to $5.75 a share.
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Major Movers on July 22; KMB, DWA, MCD, YHOO, FDML, NAFC, SPTN
Shares of Kimberly Clark Corp. (NYSE: KMB) fell about 1.47% by afternoon trade. The Consumer products maker, reported on Monday that fiscal second quarter net income increased 5.6% as cost cutting measures, improvement in international business helped offsetting its restructuring expenses arising from Western European operations. Continue reading Major Movers on July 22; KMB, DWA, MCD, YHOO, FDML, NAFC, SPTN