DALLAS (AP) — DALLAS (AP) — Kimberly-Clark Corp. (KMB) on Tuesday reported first-quarter net income of $567 million.
On a per-share basis, the Dallas-based company said it had net income of $1.70. Earnings, adjusted for non-recurring costs, came to $1.93 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.89 per share.
The maker of consumer products such as Huggies diapers and Kleenex tissue posted revenue of $4.84 billion in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $4.86 billion.
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