UPDATE: Kimberly-Clark Posts Higher Q1 Profit

Kimberly-Clark Corp (NYSE: KMB) posted a rise in its first-quarter profit.

Kimberly-Clark's quarterly profit surged to $468 million, or $1.18 per share, versus $350 million, or $0.86 per share, in the year-ago period. Its adjusted earnings per share climbed to $1.24 from $1.09.

Kimberly-Clark's sales rose 4.2% to $5.24 billion.

Kimberly-Clark shares closed at $75.27 yesterday.