* 4th-qtr profit $1.37/shr before items vs Street view $1.35
* Sees 2013 profit $5.50-$5.65/shr before items
* 2013 Street view $5.58/shr
* Shares higher in premarket trade
Jan 25 Kimberly-Clark Corp posted a
greater-than-expected rise in quarterly profit on Friday as it
cut costs, and the company said it expects the savings to help
it overcome moderate increases in commodity prices.
The maker of Kleenex tissues also forecast full-year
earnings that could beat Wall Street estimates.
Kimberly-Clark has been cutting costs and has benefited from
a decline in commodity prices, which for years had been a
pressure point for the tissue, toilet paper and diaper maker.
For the full year, the company expects to earn between $5.50
and $5.65 a share, before one-time items. Analysts on average
were expecting $5.58, according to Thomson Reuters I/B/E/S.
In October, Kimberly-Clark said it would stop selling its
Huggies diapers in much of Western and Central Europe as part of
a plan to leave low-profit businesses in that region.
Fourth-quarter earnings per share, excluding restructuring
costs, rose to $1.37 from $1.28 a year earlier, topping
analysts' average forecast of $1.35.
Net profit declined to $267 million, or 68 cents per share,
from $401 million, or $1.01 per share, a year earlier.
The company, which has been spending more on marketing to
compete against larger rivals such as Pampers diaper maker
Procter & Gamble Co, said fourth-quarter net sales rose 3
percent to $5.3 billion.
Shares of the company rose to $87.80 in premarket trading
Friday, up from a Thursday close at $86.58 on the New York Stock