The pandemic-induced demand translated into promising results for the company
One of the most known American personal care corporations, Kimberly-Clark, which manufactures mostly paper-based products, unveiled its Q4 earnings earlier today.
The Texas-based company reported an adjusted EPS of $1.69, topping the estimates by 9 cents. At the same time, it reported revenues of $4.84 billion, higher than the $4.73 billion anticipated. The numbers came in and are expected to continue to top the expectations given the pandemic-induced surge in demand.
Moreover, Kimberly-Clark announced that it would increase its quarterly dividend from $1.07 per share to $1.14.
Following the report, Kimberly-Clark stock price added 1.67%. Since the beginning of the year, the company’s shares are down 1%.
Sources: cnbc.com, investing.com
Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.
Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.