Kimberly-Clark (KMB) Misses Q3 EPS by 2c; Eases FY16 Outlook
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Kimberly-Clark Announces Third Quarter 2016 Results
October 24, 2016 7:30 AM EDTDALLAS, Oct. 24, 2016 /PRNewswire/ --Â Kimberly-Clark Corporation (NYSE: KMB) today reported third quarter 2016 results and updated its full-year 2016 outlook.
Executive Summary
Third quarter 2016 net sales of $4.6 billion decreased approximately 3 percent compared to the year-ago period, as changes in foreign currency exchange rates reduced sales by more than 2 percent. Organic sales were essentially even with the prior year. Organic sales increased 3 percent in developing and emerging markets but were down elsewhere. Diluted net income per share for the third quarter was $1.52 in 2016 and $1.41 in 2015. The comparison benefited... More