Cost-Cutting Helps Boost Kimberly Clark Quarterly Profit

Technology Reuters

Kimberly-Clark Corp posted higher quarterly profit on Tuesday as it cut costs to help mitigate the impact of flat sales.

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The maker of Kleenex tissues and Huggies diapers also raised the low end of its 2013 earnings per share forecast by 5 cents, and now expects to earn $5.65 to $5.75 per share this year.

Kimberly-Clark earned $546 million, or $1.42 per share, in the third quarter, up from $517 million, or $1.30 per share, a year earlier.