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Profits Fall at Kimberly-Clark in Q3

Company cites higher costs to make tissues and diapers.

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By: TOM BRANNA

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Consumer products maker Kimberly-Clark Corp.’s third-quarter net income fell 19% on higher costs to make its tissues and diapers, prompting the company to cut its guidance for the year. Revenue rose 1% to $5 billion. The company said it earned $469 million, or $1.14 per share in the three months ending Sept. 30. That’s down from $582 million, or $1.40 per share, last year. Analysts expected the company to earn $1.28 per share on revenue of $5 billion, according to Thoms...

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