Kleenex parent Kimberly-Clark's stock jumps as earnings not as weak as expected
Shares of Kimberly-Clark Corp. KMB, +0.08% shot up 5.4% toward a near 2-year high in premarket trade Monday, after the parent of Kleenex, Huggies and Kotex branded consumer products reported first-quarter adjusted earnings and sales that declined less than expected. Net income rose to $454 million, or $1.31 a share, from $93 million, or 26 cents a share, in the same period a year ago, which included charges related to tax reform. Excluding non-recurring items, adjusted EPS fell to $1.66 from $1.
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