BUZZ-Kimberly-Clark shares rise as its preliminary third-quarter results exceed expectations

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October 15 - ** Kimberly-Clark KMB.O shares rose as much as 5.3%, to $104.77

** If gains hold, the stock will post its biggest one-day jump since April 2024

** As the maker of Huggies diapers, the company was driven by strong demand, and expects third-quarter results to beat expectations

** Forecasts third-quarter net sales at $4.13 billion; analysts’ average expectation is $4.10 billion, according to LSEG data

** The company expects adjusted earnings per share from ongoing operations to be $1.70, compared to the market expectation of $1.59

** Expects to complete the acquisition of Kenvue KVUE.N for about $40 billion by the end of the year

** Reiterates full-year targets

** KMB is scheduled to report third-quarter earnings on November 5

** As of last session’s close, KMB has fallen about 1% so far this year

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