Kimberly-Clark Corp Q3 Profit Increases, beats estimates

(RTTNews) - Kimberly-Clark Corp (KMB) reported earnings for its third quarter that increased from last year and beat the Street estimates.

The company's bottom line came in at $587 million, or $1.73 per share. This compares with $467 million, or $1.38 per share, in last year's third quarter.

Excluding items, Kimberly-Clark Corp reported adjusted earnings of $590 million or $1.74 per share for the period.

Analysts on average had expected the company to earn $1.59 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.6% to $5.132 billion from $5.053 billion last year.

Kimberly-Clark Corp earnings at a glance (GAAP) :

-Earnings (Q3): $587 Mln. vs. $467 Mln. last year. -EPS (Q3): $1.73 vs. $1.38 last year. -Analyst Estimate: $1.59 -Revenue (Q3): $5.132 Bln vs. $5.053 Bln last year.