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$MON expects FY16 net cash provided by operating activities of $2.2-2.6Bil and net cash required by investing activities of about $0.9-1.1Bil. $MON cut its FY16 free cash flow projections to $1.3-1.5Bil from prior estimate of $1.4-1.6Bil. $MON remains on-track to deliver $165-210MM in savings from its restructuring actions in FY16.
Visa ($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.