Business
Kimberly-Clark Reports Lower Profit After China Social Media Disruption
Kimberly-Clark KMB -1.60%decrease; down pointing triangle reported lower profit in its second quarter and revenue missed estimates, as allegations about the quality of diapers in the China market disrupted sales.
The maker of Huggies, Kleenex and Pull-Ups reported net income of $345 million, or $1.04 a share, compared with $509 million, or $1.53 a share, a year earlier.
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