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At March 31, 2016, $RIG had $2.6Bil in cash and cash equivalents. In April 2016, $RIG paid $82MM for open market repurchases of $100MM of certain debt securities. At April 26, 2016, $RIG had no borrowings outstanding, no letters of credit issued, and $3Bil of available borrowing capacity under the 5-year revolving credit facility.
Visa ($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.