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$FISV's effective income tax rate from continuing operations for 3Q15 fell to 38.7% from 44% last year, primarily due to the level of income tax expense associated with share of gains on sales of subsidiary businesses in 2015 and 2014 by its unconsolidated affiliate, StoneRiver Group, a JV in which $FISV own a 49% interest.
Visa ($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.