Investing.com - Kimberly-Clark (NYSE:KMB) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Kimberly-Clark announced earnings per share of $2.13 on revenue of $5.01B. Analysts polled by Investing.com anticipated EPS of $1.96 on revenue of $4.87B. That with comparison to EPS of $1.66 on revenue of $4.63B in the same period a year before. Kimberly-Clark had reported EPS of $1.71 on revenue of $4.58B in the previous quarter. Analysts are expecting EPS of $1.76 and revenue of $4.57B in the upcoming quarter.
Kimberly-Clark shares are up 1% from the beginning of the year , still down 6.54% from its 52 week high of $149.23 set on January 23. They are outperforming the S&P Global (NYSE:SPGI) 100 which is down 13.31% year to date.
Kimberly-Clark shares gained 0.38% in pre-market trade following the report.
Kimberly-Clark follows other major Consumer/Non-Cyclical sector earnings this month
Kimberly-Clark's report follows an earnings beat by Procter&Gamble on Friday, who reported EPS of $1.17 on revenue of $17.21B, compared to forecasts EPS of $1.13 on revenue of $17.31B.
Coca-Cola had beat expectations on Tuesday with first quarter EPS of $0.51 on revenue of $8.6B, compared to forecast for EPS of $0.44 on revenue of $8.37B.
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