Correspondent, Consumer Products & Retail
Jessica's Feed
Oct 22, 2013

Kimberly-Clark’s third-quarter profit tops view, shares rise

By Jessica Wohl

(Reuters) – Kimberly-Clark Corp (KMB.N: Quote, Profile, Research, Stock Buzz), maker of Kleenex tissues, posted a bigger-than-anticipated rise in quarterly profit on Tuesday on continued growth overseas as well as global cost cutting.

While total sales rose a modest 0.3 percent, when stripping out the impact of acquisitions, divestitures and foreign exchange fluctuations, sales increased 5 percent.

Oct 22, 2013

Dismal results highlight RadioShack woes heading into holidays

By Dhanya Skariachan and Jessica Wohl

(Reuters) – Higher costs and weaker sales made RadioShack Corp (RSH.N: Quote, Profile, Research, Stock Buzz) post a much deeper loss than analysts were expecting in the third quarter, increasing pressure on the struggling U.S. electronics retailer as it heads into the holiday season.

Tuesday’s news pushed its shares down 15.6 percent to $2.97 – making it the New York Stock Exchanges’ No. 2 loser – and overshadowed the fact that the company has received commitments for $835 million in new debt financing.

Oct 22, 2013
Oct 22, 2013

Kimberly-Clark third-quarter profit tops view despite flat sales

By Jessica Wohl

(Reuters) – Kimberly-Clark Corp (KMB.N: Quote, Profile, Research, Stock Buzz) posted a bigger-than-anticipated rise in quarterly profit on Tuesday as the maker of Kleenex tissues cut costs to help mitigate the impact of flat sales.

Its shares rose 1.2 percent to $100 in premarket trading.

Kimberly-Clark also raised the low end of its 2013 adjusted earnings-per-share forecast by 5 cents, and now expects to earn $5.65 to $5.75 per share this year.

Oct 22, 2013

Kimberly-Clark 3rd-qtr profit tops view despite flat sales

Oct 22 (Reuters) – Kimberly-Clark Corp posted a
bigger-than-anticipated rise in quarterly profit on Tuesday as
the maker of Kleenex tissues cut costs to help mitigate the
impact of flat sales.

Its shares rose 1.2 percent to $100 in premarket trading.

Kimberly-Clark also raised the low end of its 2013 adjusted
earnings-per-share forecast by 5 cents, and now expects to earn
$5.65 to $5.75 per share this year.

Oct 21, 2013
Oct 18, 2013
Oct 17, 2013
Oct 17, 2013
Oct 16, 2013