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For 3Q16, $REX expects earnings to run at a pretax rate that's a little bit better than 3Q15. The company is benefited by lower corn prices. EPA has provided more stability this year and natural gas prices remained low. $REX was also hurt a little bit by lower oil prices and expects capital spending to be between $3-5MM for the remainder of 2016.
Visa ($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.