Kimberly-Clark Corp. said its normalized net income for the fourth quarter came to $1.40 per share, compared with the S&P Capital IQ consensus estimate of $1.41 per share.

EPS increased 7.9% year over year from $1.30.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $503.9 million, an increase of 6.4% from $473.4 million in the year-earlier period.

The normalized profit margin rose to 10.8% from 10.4% in the year-earlier period.

Total revenue totaled $4.54 billion, compared with $4.54 billion in the prior-year period, and total operating expenses fell on an annual basis to $3.62 billion from $3.70 billion.

Reported net income rose 50.9% year over year to $506.8 million, or $1.41 per share, from $335.9 million, or 92 cents per share.

For the year, the company's normalized net income totaled $5.32 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $6.00.

EPS rose from $5.10 in the prior year.

Normalized net income was $1.93 billion, a rise from $1.87 billion in the prior year.

Full-year total revenue fell year over year to $18.20 billion from $18.59 billion, and total operating expenses declined year over year to $14.83 billion from $15.20 billion.

The company said reported net income rose year over year to $2.17 billion, or $5.99 per share, in the full year, from $1.01 billion, or $2.77 per share.