DALLAS (AP) — DALLAS (AP) — Kimberly-Clark Corp. (KMB) on Tuesday reported first-quarter net income of $567 million.
On a per-share basis, the Dallas-based company said it had net income of $1.70. Earnings, adjusted for non-recurring costs, came to $1.93 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.89 per share.
The maker of consumer products such as Huggies diapers and Kleenex tissue posted revenue of $4.84 billion in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $4.86 billion.
_____
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
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.