Kimberly-Clark posts first-quarter earnings
April 22, 2009
IRVING, TX — Kimberly-Clark Corporation recently announced an overall first-quarter net income decrease of 9.5 percent, according to MarketWatch.
Net income for the quarter was $431 million, down from $476 in the year-ago quarter, the story stated.
Currency fluctuations accounted for the 6.6 percent drop in net sales for the quarter, the story noted.
According to the story, Kimberly-Clark''s stock value has decreased by 22 percent in the past year.
Chairman and Chief Executive Thomas J. Falk called the period "somewhat more challenging than we predicted," the story added.
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