Kimberly-Clark Posts Strong Q3 Preliminary Results
Kimberly-Clark reported preliminary third-quarter sales and profit above expectations driven by steady demand. Chinese authorities also confirmed no toxic substances were found in its Huggies diapers.
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KIMBERLY-CLARK CORP reported preliminary third-quarter net sales of $4.13B, beating the $4.10B consensus estimate on steady demand. The Dallas-based manufacturer posted adjusted profit of $1.70 per share, topping the $1.59 expectation. Shares rose 3% in premarket trading on Thursday morning following the upbeat report and the resolution of regulatory concerns in China.
