ADVFN - Advanced Financial Network.
HOME» NYSE » K » KMB Stock Price » KMB Stock News

Kimberly Clark Share News

 Kimberly-clark Corp. Stock Price
KMB Stock Price
 Kimberly-clark Corp. Stock Chart
KMB Stock Chart
 Kimberly-clark Corp. Stock News
KMB Stock News
 Kimberly-clark Corp. Company Information
KMB Company Information
 Kimberly-clark Corp. Stock Trades
KMB Stock Trades

Kimberly-Clark 2Q Net Off 18% On Rising Costs; Raises Year Sales View

DOW JONES NEWSWIRES Kimberly-Clark Corp.'s (KMB) second-quarter earnings fell 18% as the consumer-products company struggles to offset rising commodity costs with price increases that won't erode its market share. The company raised its full-year sales estimate for the second time, projecting growth of 5% to 7%, up from its April forecast of 4% to 6%. Although commodity-cost inflation has worsened over the last three months, the company backed its full-year earnings guidance, saying it will make incremental cost savings and overhead reductions. "We are gaining market share in a number of businesses and are launching additional product innovations to further improve our brands," said Chairman and Chief Executive Thomas J. Falk. "Although adjusted earnings per share were down slightly in the second quarter versus last year, we delivered sequential improvement in most key metrics." Kimberly-Clark, whose products include Huggies diapers, Scott paper towels and Kleenex tissues, is facing sharp cost increases for materials like wood pulp and fuel, while still battling tepid demand for its products, particularly in North America. The company has vowed to take aggressive actions, including raising prices on nearly all products sold in North America, making steeper overhead cuts and exiting the integrated pulp manufacturing business. Kimberly-Clark reported a profit of $408 million, or $1.03 a share, down from $498 million, or $1.20 a share, a year earlier. Excluding items such as restructuring charges, earnings fell to $1.18 in the most recent quarter. Sales jumped 8.3% to $5.26 billion. Analysts polled by Thomson Reuters had most recently forecast earnings of $1.14 a share on revenue of $5.13 billion. Gross margin fell to 29.6% from 33.8%. Sales at the personal-care segment, the largest by revenue, rose 7% and consumer-tissue segment sales were up 9%. The smaller K-C Professional and health-care businesses saw sales increase 6% and 14%, respectively. Shares fell 0.8% to $67.35 in premarket trading. The stock has risen 6.7% over the past year. -By Melodie Warner, Dow Jones Newswires; 212-416-2283; melodie.warner@dowjones.com

Stock News for Kimberly Clark (KMB)
DateTimeHeadline
07/01/201610:12:21SHAREHOLDER ALERT: The Law Offices of Vincent Wong Notifies Investors...
06/29/201622:00:00IMPORTANT NOTICE TO SHAREHOLDERS: Brower Piven Notifies Shareholders...
06/29/201618:08:20SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces A Securities...
06/29/201614:48:28SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders...
06/29/201612:25:00EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class...
06/28/201621:52:35Pomerantz Law Firm Announces the Filing of a Class Action against...
06/27/201609:30:00Amazon to Expand Dash Buttons, but do Shoppers Want Them?
06/17/201612:14:28Annual Report of Employee Stock Plans (11-k)
06/16/201617:16:12Statement of Changes in Beneficial Ownership (4)
06/16/201615:23:13Initial Statement of Beneficial Ownership (3)
06/16/201608:03:00Huggies Brand Continues Efforts to "Wipe Out" Diaper Need
06/15/201617:27:57Current Report Filing (8-k)
06/15/201617:19:00Kimberly-Clark Elects Christa Quarles to its Board of Directors
06/15/201611:15:00New C.H.E.S.S. Program from Kimberly-Clark Professional Helps...
06/14/201616:43:20Automatic Shelf Registration Statement of Securities of Well-known...
06/14/201610:00:00Kimberly-Clark Names Chief Marketing Officer
06/09/201613:15:00Kimberly-Clark Professional Expands RightCycle, the First Large-Scale...
06/03/201610:30:00Kimberly-Clark Wins Two Effies at 48th Annual Effie Awards Gala
06/01/201611:15:00Kimberly-Clark Professional Introduces Scott Essential: The First...
05/27/201609:46:47Specialized Disclosure Report (sd)

Kimberly Clark and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad