Tags: US | Earns | Kimberly | Clark

Kimberly-Clark 4Q Profit Rises On Price Hikes

Friday, 22 Jan 2010 08:55 AM

Kimberly-Clark says price hikes for things like Huggies diapers helped to lift profits in the fourth quarter.

The company, based in Dallas, earned $492 million, or $1.17 per share, for the three months ended Dec. 31. That's 17 percent higher than its profit of $419 million, or $1.01 per share, a year ago.

Sales jumped 8 percent to $4.98 billion, helped by a weaker dollar and the higher selling prices. Kimberly-Clark Corp. raised prices last year to offset higher ingredient costs and hasn't rolled them back even as those input costs fall.

Analysts forecast earnings of $1.25 per share on $4.92 billion in sales.

The company expects a 2010 adjusted profit of $4.80 to $5 per share with revenue growth of 5 percent to 6 percent.

© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

1Like our page
2Share
Companies
Kimberly-Clark says price hikes for things like Huggies diapers helped to lift profits in the fourth quarter.The company, based in Dallas, earned $492 million, or $1.17 per share, for the three months ended Dec. 31. That's 17 percent higher than its profit of $419 million,...
US,Earns,Kimberly,Clark
126
2010-55-22
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved