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$CTL's 1Q16 other income, net rose by $15MM vs. 1Q15 mainly due to gains on foreign currency transactions. The company said that its 1Q16 effective income tax rate was 37.9%, down vs. 1Q15. This tax rate includes the effect of changes in state apportionment factors.
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.
Kimberly Clark Corp ($KMB) has been in decline for most of the year, the stock has also not been getting any analyst love. Will today’s earnings break the trend? Revenue has been up and down in the last four quarters, let us see what this quarter brings.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.