Kimberly-Clark posts higher quarterly profit


Kimberly-Clark Corp , best known for Kleenex tissues, posted a higher quarterly profit on Monday, as cost savings helped offset the impact of foreign exchange and a higher tax rate.

Kimberly-Clark earned $526 million, or $1.36 per share, in the second quarter, up from $498 million, or $1.26 per share, a year earlier.

Continue Reading Below

Excluding items, earnings were $1.41 per share. Sales were roughly flat at $5.27 billion.

(Reporting by Martinne Geller in New York and Jessica Wohl in Chicago; Editing by Maureen Bavdek)