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Kimberly-Clark Turns Negative Despite Upbeat Q3 Results

After initially moving to the upside, shares of Kimberly-Clark Corp. (KMB) have turned lower over the course of the trading session on Monday. Kimberly-Clark is currently down by 3.3 percent after hitting a nearly three-month intraday low.

The downturn by Kimberly-Clark comes even though consumer products company reported third quarter results that exceeded analyst estimates on both the top and bottom lines.

Kimberly-Clark also announced its President and Chief Operating Officer Michael Hsu will succeed Chief Executive Officer Thomas Falk, effective January 1st.

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