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$CNP's effective tax rate reported for 2Q15 was 32%, down from 37% for 2Q14. The lower effective tax rate for 2Q15 and 1H15 was primarily due to the lower Texas tax rate enacted on June 15, 2015 and favorable permanent book-tax differences. The effective tax rate reported for 1H15 was 36%, down from 37% for 1H14.
Visa ($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.