DALLAS - Kimberly-Clark Corp. (KMB) on Monday reported third-quarter profit of $451 million.
On a per-share basis, the Dallas-based company said it had profit of $1.29. Earnings, adjusted for restructuring costs and pretax expenses, were $1.71 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.64 per share.
The maker of consumer products such as Huggies diapers and Kleenex tissue posted revenue of $4.58 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $4.52 billion.
Kimberly-Clark expects full-year earnings in the range of $6.60 to $6.80 per share.
Kimberly-Clark shares have dropped roughly 9 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 3.5 percent. The stock has declined almost 3 percent in the last 12 months.
