Kimberly-Clark says high marketing costs and a charge related to Venezuela's currency devaluation sent its profit down 6% even as sales rose on higher prices.
The maker of Huggies diapers and Kleenex tissues says it earned $384 million, or 92 cents per share, during the quarter. That's down from $407 million, or 98 cents per share, last year.
Excluding a charge related to Venezuela's currency devaluation, net income totaled $1.14 per share. That missed analyst expectations by 2 cents.
Kimberly-Clark Corp. says sales rose 8% to $4.84 billion. The weaker dollar and higher selling prices helped revenue.
The company also is backing its full-year guidance.
Copyright 2010 The Associated Press.
