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Non-alcoholic beverage corporation $KO's 2015 purchases of investments were $15,831MM and proceeds from disposals of investments were $14,079MM. This activity resulted in a net cash outflow of $1,752MM during 2015. 2015 effective tax rate was 23.3% vs. 23.6% in 2014. The company's effective tax rate is expected to be 22.5% in 2016.
Visa ($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.