By early afternoon, shares had slipped 1.4% to $110.98.
Over the three months to March, the company reported net income of $1.48 a share, a penny higher than analysts surveyed by Thomson Reuters had forecast.
Revenue of $5.28 billion was 1% lower year over year and missed analysts' estimates of $5.3 billion. Organic sales rose 4%.
Kimberly-Clark reiterated full-year earnings guidance between $6 and $6.20 a share. Analysts forecast earnings of $6.11 a share.
Must Read: Warren Buffett's 10 Favorite Growth Stocks
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 impressive record of earnings per share growth, compelling growth in net income, notable return on equity, reasonable valuation levels and expanding profit margins. We feel these strengths 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 Ratings Report