Kimberly-Clark (KMB) Q4 Earnings Beat Estimates, Rise Y/Y
Zacks Investment Research | Jan 22, 2020 10:28PM ET
Kimberly-Clark Corporation (NYSE:KMB) reported fourth-quarter 2019 results, wherein the bottom line improved year over year and marked its fourth consecutive beat. Adjusted earnings of $1.71 per share surpassed the Zacks Consensus Estimate by a penny and increased 7% from the year-ago period.
The quarterly performance reflected organic sales growth, savings from restructuring plans, increased brand investments and focus on innovation. Further, the K-C Strategy 2022 has been aiding performance.
To top it, the company ended the year with impressive margin growth, cost savings of $425 million and returns to shareholders of about $2.2 billion. Also, management issued an impressive outlook for 2020 and announced a dividend hike. Notably, this Zacks Rank #2 (Buy) stock has rallied 33.7% in a year against the Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.