Kimberly-Clark (KMB) Tops Q2 EPS by 8c; Guides In-Line
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Kimberly-Clark Announces Second Quarter 2016 Results
July 25, 2016 7:30 AM EDTDALLAS, July 25, 2016 /PRNewswire/ --Â Kimberly-Clark Corporation (NYSE: KMB) today reported second quarter 2016 results and confirmed its previous guidance for full-year 2016 adjusted earnings per share.
Executive Summary
Second quarter 2016 net sales of $4.6 billion decreased 1 percent compared to the year-ago period, as changes in foreign currency exchange rates reduced sales 4 percent. Organic sales rose 3 percent, including a 7 percent volume increase in North American consumer products and 5 percent organic growth in developing and emerging markets. Diluted net income per share for the second quarter was $1.56 in 2016 and a... More