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$PAYX anticipates its FY16 effective income tax rate to be approx. 36%, excluding the net tax benefit related to prior tax years that was recorded in 1Q16. Interest on funds held for clients is now anticipated to grow in the high single digits for FY16 due to recent increases in interest rates.
Visa ($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.