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Kimberly-Clark Corp. (KMB) Misses Q2 EPS by 1c; Trims High-End of FY EPS Guidance

July 22, 2014 7:37 AM EDT

Kimberly-Clark Corp. (NYSE: KMB) reported Q2 EPS of $1.49, $0.01 worse than the analyst estimate of $1.50. Revenue for the quarter came in at $5.3 billion versus the consensus estimate of $5.32 billion.

Kimberly-Clark Corp. sees FY2014 EPS of $6.00-$6.15, versus prior guidance of $6.00-$6.20 and the consensus of $6.12.

Chairman and Chief Executive Officer Thomas J. Falk said, "We delivered mid-single digit growth in organic sales and adjusted earnings per share in the second quarter. We also made further progress with targeted growth initiatives, launched product innovations and supported our brands with increased advertising spending. We generated significant cost savings and cash flow and allocated capital in shareholder-friendly ways, with share repurchases and dividends totaling $0.8 billion. Half way through the year, we are essentially on track with our overall plans. And while our narrower earnings guidance takes into account a slightly more difficult environment, we continue to be optimistic about our prospects to generate attractive shareholder returns."

For earnings history and earnings-related data on Kimberly-Clark Corp. (KMB) click here.



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