Summary Box: Kimberly-Clark 4Q profit drops

AP News
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Posted: Jan 24, 2012 8:49 AM
Summary Box: Kimberly-Clark 4Q profit drops

THE PERFORMANCE: Kimberly-Clark Corp. reported fourth-quarter earnings of $1.01 per share on revenue of $5.18 billion. Adjusted earnings were $1.28 per share. Analysts polled by FactSet expected earnings of $1.30 per share on revenue of $5.21 billion.

NORTH AMERICA WOES: The company continues to see soft demand in North America as high unemployment and uncertain economic conditions keep many consumers buying the basics on an as-needed basis. Sales of personal care items fell 5 percent in the region during the quarter.

THE GUIDANCE: Kimberly-Clark anticipates 2012 adjusted earnings between $5 and $5.15 per share. Analysts predict earnings of $5.23 per share.