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October 25, 2004
By: TOM BRANNA
Editor
Kimberly-Clark Corp. posted higher third-quarter profit but still fell short of expectations as dealtwith price competition and higher raw material costs, sending its shares down 5%.Kimberly-Clark, which makes Kleenex tissues, Huggies diapers and Pull-Ups training pants,said price competition will remain intense in diapers and training pants, where it faces deepdiscounting in Europe from rival Procter & Gamble, maker of Pampers and Luvs.Kimberly-Clark’s third-quarter net income rose t...
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