Kimberly-Clark Corp. , +0.01% rose 2.2% on Tuesday in premarket trade after the household product maker announced that its second-quarter profits fell by 77%. However, its adjusted profit and revenue exceeded analyst expectations. Dallas-based Kimberly-Clark Corp. reported that its net profit for the quarter ended June 30, which was $437 million or $1.29 per share in the previous quarter, dropped to $102 millions, or 30 cents, in comparison with the prior year. According to FactSet estimates, adjusted earnings for the most recent quarter were $1.65 per share. This was well above the analyst’s forecast of $1.48 per share. Kimberly-Clark increased its revenue by 1% in the second quarter to $5.134billion, which was just above the analyst’s estimate of $5.126billion. Kimberly-Clark now expects organic sales in 2023 to grow by 3%-5%, instead of the 2%-4% it had previously predicted. The operating margin of the company is expected to rise by as much as 1.5% in 2023, compared with its previous estimate.