UPDATE: Kimberly-Clark Posts Upbeat Q1 Profit

Kimberly-Clark KMB reported a rise in its first-quarter net profit. Kimberly-Clark's quarterly net income surged to $538 million, or $1.41 per share, versus $531 million, or $1.36 per share, in the year-ago period. Its adjusted earnings came in at $1.48 per share, versus analysts' estimates of $1.47 per share. Its sales fell 1% to $5.3 billion, versus estimates of $5.32 billion. Kimberly-Clark shares closed at $112.54 on Thursday.