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Kimberly Clark Beats Q3 Estimates

Consumer-products company, Kimberly-Clark Corp. (NYSE: KMB) reported on Tuesday that fiscal third quarter income rose 5.6%, aided by higher margins and organic sales growth. Stripping out onetime items, Kimberly Clark posted earnings of $1.44 a share, up from $1.34 a share, in the year-ago period. Sales inched up 0.3% to $5.26 billion; however, organic sales climbed 5%. Analysts’ consensus estimate was for earnings of $1.40 a share on revenue of $5.23 billion. The Company also lifted its lower end of the full-year earnings guidance by five cents. The Company expects full-year earnings to be in the range of $5.65 to $5.75 a share.


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