Kimberly-Clark announced earnings per share of $1.3 on revenue of $4.97B. Analysts polled by Investing.com anticipated EPS of $1.24 on revenue of $4.91B.
Kimberly-Clark shares are up 1% from the beginning of the year, still down 4.23% from its 52 week high of $145.79 set on January 10. They are outperforming the S&P 500 which is down 8.6% from the start of the year.
Kimberly-Clark shares lost 5.46% in pre-market trade following the report.
Kimberly-Clark follows other major Consumer Staples sector earnings this month
Kimberly-Clark’s report follows an earnings beat by Procter&Gamble on January 19, who reported EPS of $1.66 on revenue of $20.95B, compared to forecasts EPS of $1.65 on revenue of $20.33B.
Estee Lauder had missed expectations on January 20 with second quarter EPS of $2.61 on revenue of $5.48B, compared to forecast for EPS of $2.64 on revenue of $5.5B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
Source : Investing.com