Kimberly-Clark Corporation (KMB) reported a decline in fourth-quarter earnings compared to the previous year, not meeting analysts' expectations. The corporation's net profit was $447 million, or $1.34 per share, down from $509 million, or $1.50 per share, in the same quarter last year.
On an adjusted basis, Kimberly-Clark reported earnings of $1.50 per share for the quarter. However, this fell slightly short of the average analysts' forecast, which projected earnings of $1.51 per share, a metric typically calculated without accounting for special items.
The company's revenue for the quarter decreased by 0.8%, reaching $4.928 billion, compared to $4.970 billion in the previous year.
A summarised view of Kimberly-Clark Corp's earnings report (in accordance with GAAP) is as follows:
- Net Income: $447 million, compared to $509 million the previous year.
- Earnings Per Share (EPS): $1.34, down from $1.50 last year.
- Revenue: $4.928 billion, a decrease from $4.970 billion last year.
