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Kimberly-Clark Meets Third-Quarter Estimates

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reported third-quarter earnings that met analysts' expectations for the period, as new and improved products and global expansion of its core businesses lifted sales.

The consumer products company said third-quarter earnings from operations rose to 84 cents a share from 75 cents a share in the year-ago period. The decline in value of key European currencies reduced net income by 2 cents a share in the latest third quarter.

According to a

First Call/Thomson Financial

survey, 11 analysts were expecting the company to earn 84 cents a share for the period.

Sales for the quarter rose 6.7% to $ 3.53 billion from $3.31 billion.