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During 1Q16, $CLX reported lower free cash flow of $107MM or about 8% of sales compared to 1Q15. This decline was largely due to higher employee incentive compensation payments related to strong FY15 results. Looking forward, $CLX anticipates free cash flow for FY16 to be about 10% of sales.
Visa ($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.