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$HOT said the company expects spending $55MM for investments during 1Q16 for new inventory. For FY16, residential earnings are expected to be $7MM and SG&A is expected to be flat to down 2%. $HOT also said that it expects to generate cash flow from operations of $800-900MM in the current fiscal year.
Visa ($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.