wsj_0292.xml
WSJ891101-0072
WSJ891101-0072
=
891101
=
891101
891101-0072
.
891101-0072
.
Kimberly-Clark
Corp.
@
Net
Income
Rose
20
%
@
In
the
Third
Quarter
Kimberly-Clark
Corp.
@
Net
Income
Rose
20
%
@
In
the
Third
Quarter
11/01/89
11/01/89
11/01/89
WALL
STREET
JOURNAL
(
J
)
WALL
STREET
JOURNAL
(
J
)
KMB
KMB
EARNINGS
(
ERN
)
PULP
,
PAPER
,
PACKAGING
(
ALL
TYPES
)
(
PUL
)
EARNINGS
(
ERN
)
PULP
,
PAPER
,
PACKAGING
(
ALL
TYPES
)
(
PUL
)
DALLAS
DALLAS
Despite
continuing
problems
in
its
newsprint
business
,
Kimberly-Clark
Corp.
posted
a
20
%
gain
in
third-quarter
net
income
.
The
consumer-products
and
newsprint
company
said
net
rose
to
$
108.8
million
,
or
$
1.35
a
share
,
from
$
90.5
million
,
or
$
1.12
a
share
,
a
year
ago
.
Sales
rose
6.2
%
to
$
1.45
billion
from
$
1.37
billion
.
After
a
flat
second
quarter
tied
largely
to
lower
newsprint
earnings
,
Kimberly-Clark
attributed
the
gain
to
improved
results
in
its
consumer
businesses
in
North
America
,
Brazil
and
Korea
.
Those
gains
came
from
higher
prices
,
particularly
for
disposable
diapers
and
tissue
products
,
and
from
increased
sales
,
primarily
for
feminine-care
products
,
the
company
said
.
Newsprint
results
continued
to
be
depressed
,
the
company
added
,
because
of
industrywide
price
discounting
.
The
quarter-to-quarter
comparison
was
also
enhanced
by
charges
taken
in
the
year-earlier
period
,
including
$
11
million
related
to
the
modernization
of
a
pulp
and
newsprint
mill
in
Alabama
.
In
the
1989
period
also
,
interest
expense
and
tax
rates
were
lower
than
a
year
ago
.
In
the
first
nine
months
,
profit
rose
10
%
to
$
313.2
million
,
or
$
3.89
a
share
,
from
$
283.9
million
,
or
$
3.53
a
share
.
Sales
rose
6.7
%
to
$
4.27
billion
from
$
4
billion
.
In
New
York
Stock
Exchange
composite
trading
,
Kimberly-Clark
closed
at
$
66.50
a
share
,
up
$
1.50
.