(Reuters) - Excluding items, the company earned $1.03 per share. In March, Kimberly-Clark said it expected earnings to meet or exceed the high end of a previous forecast of 99 cents to $1.01 per share on that basis. Analysts, on average, called for a profit of $1.01 per share, according to Reuters Estimates.
Shares of Kimberly-Clark hit a six-year high of $71.96 on Friday. The shares trade at about 15.8 times next year's expected earnings, while larger rival Procter & Gamble Co. trades at about 18.4 times its expected 2008 profit, according to Reuters data.
Read more at Reuters.com Market News
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