This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Kimberly-Clark (KMB) Earnings Up 7.5%, Shares Gain

NEW YORK (TheStreet) -- Kimberly-Clark (KMB - Get Report) received a post-earnings bump in share price before the bell on Tuesday following a better than expected earnings report.

The personal care company earned $1.44 a share excluding restructuring costs, four cents higher than Thomson Reuters estimates, and compared to $1.34 in the year-ago quarter.

The Kleenex manufacturer reported 5% organic sales growth, led by a 10% increase in its international divisions. Total revenue came in at $5.26 billion, unchanged from a year ago due to foreign exchange rates, restructuring costs in Europe and changes to pulp and tissue operations.

Sales in its personal care segment, which houses brands Kotex, Depend and Huggies, decreased 1% to $2.4 billion. Its consumer tissue segment including Kleenex and Cottonelle, gained 1% to $1.6 billion.

Total 2013 adjusted earnings per share were updated to within the range of $5.65 to $5.75. On the revision, Chairman and CEO Thomas J. Falk said in a statement, "We expect to deliver growth in adjusted earnings per share of 8 to 10 percent.  That's toward the high end of, or slightly above, our long-term objective."

Must Read: Sales Growth Revs Harley-Davidson (HOG) Prospects

Shares were up 2.7% to $101.49 in pre-market trading, after dipping 0.35% a day earlier. Year to date, the Texas-based company has climbed 17.1%, lower than the S&P 500's 22.32% gain.

TheStreet Ratings team rates Kimberly-Clark Corp as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

"We rate Kimberly-Clark Corp (KMB) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, expanding profit margins, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow."

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
KMB $125.19 0.00%
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs