Kimberly-Clark Corp. on Monday reported first-quarter profit of $454 million.
The Dallas-based company said it had net income of $1.31 per share. Earnings, adjusted for restructuring costs, came to $1.66 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.54 per share.
The maker of consumer products such as WypAll industrial wipes and KleenGuard apparel posted revenue of $4.63 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $4.49 billion.
Kimberly-Clark expects full-year earnings in the range of $6.50 to $6.70 per share.
Kimberly-Clark shares have increased 8.5 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 16 percent. The stock has increased 20 percent in the last 12 months.
