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Kimberly-Clark stock dips after beating earnings estimates

An employee stands outside the Kimberly-Clark plant
Federico Parra | Getty Images

Kimberly-Clark dipped more than 1 percent Monday even after the company surpassed earnings estimates.

The consumer products maker reported $1.56 earnings per share, beating estimates by 8 cents.

"We delivered a good quarter of results in a challenging environment while we continue to execute our long-term Global Business Plan strategies," CEO Thomas Falk said. "Half way through the year, we are broadly on track with our plans and are confirming our bottom-line earnings guidance for 2016."

The company's shares have gained more than 18 percent in the past year.

Kimberly-Clark 12-month performance: