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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Kimberly Clark Corp | NYSE:KMB | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.41 | -0.30% | 136.09 | 136.66 | 134.785 | 136.25 | 1,907,298 | 01:00:00 |
From May 2019 to May 2024
By Matt Grossman
Kimberly-Clark Corp. Thursday reinstated full-year financial guidance, forecasting earnings higher than what it had anticipated when it first estimated its yearly profit in January.
The Dallas-based company, parent to brands such as Huggies, Kleenex, Scott and Cottonelle, said it anticipates full-year earnings of $6.35 to $6.90 a share, or $7.40 to $7.60 on an adjusted basis.
Analysts had been expecting full-year adjusted earnings of $7.55 a share, according to FactSet.
Kimberly-Clark said it expects a net sales increase of 1% to 2% and organic sales growth of 4% to 5%.
In January, the company had forecast 2020 adjusted earnings of $7.10 to $7.35 a share, but withdrew that guidance in April amid the uncertainty of the coronavirus pandemic.
Kimberly-Clark said it will resume its share-repurchase program, which was also suspended in April.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
July 23, 2020 08:15 ET (12:15 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
1 Year Kimberly Clark Chart |
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