Kimberly-Clark Profits are lower, revenues are better in Q3

Investing.com – Kimberly-Clark (NYSE:KMB) said third-quarter earnings were below analyst expectations on Monday and revenue beat forecasts.

The company reported earnings per share of $1.29 on revenue of $4.58 billion. Analysts polled by Investing.com expected EPS of $1.64 on revenue of $4.55 billion. That compared to EPS of $1.6 on revenue of $4.64 billion in the same period a year earlier. In the previous quarter, the company saw EPS of $1.59 on revenue of $4.6 billion.

Following the report, Kimberly-Clark shares gained 1.24%, reaching $111.60 in pre-market trading.

Kimberly-Clark shares are down 8.76% for the year, underperforming the S&P 500 Index, which is up 3.13% year-to-date.

Kimberly-Clark is tracking other major consumer/noncyclical sector results this month

On Friday, Procter & Gamble (NYSE:PG) saw first-quarter EPS of $1.12 on revenue of $16.69 billion compared to forecasts for EPS of $1.1 on revenue of $16.49 billion.

PepsiCo ( NASDAQ:PEP ) earnings on Oct. 2 topped analyst expectations, with third-quarter EPS of $1.59 and revenue of $16.49 billion. Investing.com analysts expected EPS of $1.57 on revenue of $16.37 billion

Stay up to date with all upcoming earnings reports by visiting the earnings calendar on Investing.com

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