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For the years ended Dec. 31, 2015 and 2014, $MAS incurred net pre-tax costs and charges of $18MM and $64MM, respectively, related to its strategic rationalization of its businesses and other cost saving initiatives. The company anticipates costs and charges related to its business rationalizations and other initiatives to approximate $8MM in 2016.
Visa ($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.