Kimberly-Clark Rises 2.4% on Q1 Revenue, EPS Beats
Kimberly Clark (NYSE: KMB) stock rose on Wednesday, thanks to the company's release of its first quarter of fiscal 2020 results. These exceeded analyst projections, particularly on the bottom line.
During the quarter, the company reaped $5 billion in net sales, an encouraging 8% improvement from the same period of fiscal 2019. This was due in no small part to consumers loading up on its stock products in the wake of the SARS-CoV-2 coronavirus pandemic -- particularly the toilet paper that seemed to vanish from store shelves seconds after it was stocked.
Non-GAAP (adjusted) net profit, meanwhile, shot up by 27% to $734 million ($2.13 per share).
Source Fool.com
