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Provider: Thomson Reuters Stock Report
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Kimberly-Clark Corp Raises FY 2013 EPS Guidance; Comments On FY 2014 Charge Guidance

Friday, 19 Apr 2013 07:30am EDT 

Kimberly-Clark Corp updates it fiscal 2013 guidance and expects Adjusted earnings per share (EPS) to be in the range of $5.60 to $5.75 versus previous range of $5.50 to $5.65. Restructuring costs will be incurred through fiscal 2014 and are currently expected to total $300 to $350 million after tax ($350 to $400 million pre-tax). The previous estimate was for total costs of $250 to $350 million after tax ($300 to $400 million pre-tax). Cash costs are projected to be approximately 50 to 60% of the total charges, unchanged from prior estimates. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $5.59 for fiscal 2013. 

Company Quote

2.84 +2.63%
12:30pm EDT