NEW YORK (TheStreet) -- Shares of Kimberly-Clark (KMB) - Get Report were down in pre-market trading on Monday after reporting lower-than-expected results for the 2016 third quarter and cutting its guidance for the full year.
Before the market open, the Irving, TX-based maker of personal care products posted adjusted earnings of $1.52 per share on revenue of $4.59 billion.
Analysts surveyed by FactSet were looking for adjusted earnings of $1.54 per share on $4.73 billion in revenue.
For the full year, Kimberly-Clark now expects to report adjusted earnings between $5.95 and $6.05 per share, down from its previous guidance range of $5.95 to $6.15 per share.
Analysts are modeling adjusted earnings of $6.08 per share for 2016.
Organic sales growth is expected to be 2% vs. previous expectations for growth between 3% and 5%, according to a company statement.
Separately, TheStreet Ratings team rates the stock as a "buy" with a ratings score of B.
Kimberly-Clark's strengths such as its compelling growth in net income, notable return on equity, expanding profit margins, good cash flow from operations and increase in stock price during the past year outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
You can view the full analysis from the report here: KMB
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.