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$JEC's backlog at Oct. 2, 2015 was $18.8Bil, up 2.3% from last year. Backlog remains near record levels in spite of negative effects on backlog stemming from FX. The increase in backlog was primarily due to new awards from clients operating in the Chemicals and Pharmaceuticals industries, offset in part by an approx. $600MM reduction due to FX.
Visa ($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.