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During 1Q16, $XRX's effective tax rate was 93.8%. On an adjusted basis, 1Q16 tax rate was 22.5%, which was lower than the US statutory tax rate mainly due to foreign tax credits resulting from anticipated dividends from the company's foreign subsidiaries and the geographical mix of profits.
Visa ($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.