Kimberly-Clark (NYSE: KMB) reported Q2 EPS of $1.56, $0.08 better than the analyst estimate of $1.48. Revenue for the quarter came in at $4.6 billion versus the consensus estimate of $4.56 billion.

Chairman and Chief Executive Officer Thomas J. Falk said, "We delivered a good quarter of results in a challenging environment while we continue to execute our long-term Global Business Plan strategies. In the second quarter, we achieved a 4 percent increase in sales volumes, with benefits from targeted growth initiatives and product innovations. We also delivered $110 million of cost savings, which helped improve our profitability and increase our adjusted earnings per share. Cash flow was strong in the quarter and we continued to allocate capital in shareholder-friendly ways. Half way through the year, we are broadly on track with our plans and are confirming our bottom-line earnings guidance for 2016."

GUIDANCE:

Kimberly-Clark sees FY2016 EPS of $5.95-$6.16, versus the consensus of $6.09.

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