Kimberly-Clark CEO: Strong dollar strikes again

April 21, 2015 1:49 PM

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Personal care products giant Kimberly-Clark on Tuesday reported first-quarter earnings and revenue that beat Wall Street expectations. But the stronger dollar, which proved to be a headwind for the first three months of the year, was also expected to hamper full-year results.

The company behind such popular brands Kleenex, Scott, and Huggies reported adjusted quarterly profit of $1.42 per share, which beat estimates by 9 cents. Revenue of $4.69 billion also exceeded forecasts.

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