(Reuters) - CHICAGO, July 24 - Kimberly-Clark Corp. said on Tuesday that quarterly profit jumped 22 percent as savings from its restructuring plan helped offset increased fiber costs, and the company raised its full-year earnings forecast.
Kimberly-Clark, known for Kleenex tissues and Huggies diapers, also entered into a $2 billion accelerated share repurchase agreement, and its board approved more buybacks. Second-quarter profit rose to $461.8 million, or $1 per share, from $377.6 million, or 82 cents per share, a year earlier.
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Kimberly-Clark, known for Kleenex tissues and Huggies diapers, also entered into a $2 billion accelerated share repurchase agreement, and its board approved more buybacks. Second-quarter profit rose to $461.8 million, or $1 per share, from $377.6 million, or 82 cents per share, a year earlier.
Read more at Reuters.com Bonds News
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