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Kimberly Clark profit falls, but tops expectations

Published on NewsOK Modified: January 25, 2013 at 11:27 am •  Published: January 25, 2013

The adjusted results for the quarter excluded costs associated with its strategic changes in Europe. The company, based in Dallas, had decided to stop selling diapers in Western and Central Europe, except Italy, and streamline its European manufacturing operations. Falk has said the changes would allow the company to focus on our best market positions and growth opportunities.

Sales in the personal care segment, which includes Kotex pads and Huggies, rose 8 percent to $2.4 billion. Sales for the consumer tissue segment fell 2 percent.

For 2013, the company said it expects earnings of $5.50 to $5.65 per share, representing growth of 5 percent to 8 percent. Analysts expect earnings of $5.59 per share.

Shares of Kimberly Clark fell 36 cents to $86.22 in midday trading. They are trading near the upper end of their 52-week range of $70.50 to $88.25.