Kimberly-Clark Earnings Beat Estimates

By Tonya Garcia Markets MarketWatch Pulse

Kimberly-Clark Corp. reported first-quarter net income of $563.0 million, or $1.57 per share, up from $545.0 million, or $1.50 per share, last year. The FactSet consensus was $1.54 per share. Sales were $4.48 billion for the quarter, flat versus the same period last year and just below the $4.49 billion FactSet estimate. The consumer products company said Monday that it sees a sales increase of 1% to 2% for 2017. Kimberly-Clark shares are up 0.3% Monday premarket trading, and up nearly 14% for the year so far. The S&P 500 index is up nearly 5% for 2017 to date.

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