Kimberly Clark (NYSE:KMB)
Historical Stock Chart
1 Month : From Oct 2019 to Nov 2019
By Allison Prang
Kimberly-Clark Corp.'s (KMB) profit rose as the company reported $175 million in other income, helping boost profit as net sales grew just over 1%.
The drug company's profit was $671 million, up 49% from the comparable quarter a year earlier. Earnings were $1.94 a share, up from $1.29 a share.
Adjusted earnings were $1.84 a share, up from $1.71 a share. Analysts polled by FactSet were expecting $1.80 a share.
Net sales were $4.64 billion, up 1.3%. Analysts were expecting $4.65 billion.
Kimberly-Clark reported net other income of $175 million up from $2 million a year earlier. The company said that includes about a $182 million gain before tax from selling "a manufacturing facility and associated real estate."
Gross profit also rose as the company's cost of products sold declined.
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(END) Dow Jones Newswires
October 22, 2019 08:02 ET (12:02 GMT)
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