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Kimberly-Clark Q1 profit climbs YOY

Kimberly-Clark Corp. said its normalized net income for the first quarter came to $1.26 per share, compared with the S&P Capital IQ consensus estimate of $1.33 per share.

EPS rose 7.9% year over year from $1.16.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $462.6 million, an increase from $445.1 million in the prior-year period.

The normalized profit margin rose to 9.7% from 9.1% in the year-earlier period.

Total revenue decreased year over year to $4.69 billion from $4.89 billion, and total operating expenses decreased 10.0% on an annual basis to $3.73 billion from $4.15 billion.

Reported net income declined year over year to $467.2 million, or $1.27 per share, from $481.4 million, or $1.26 per share.