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Tien-tsin Huang of JP Morgan asks about cost reductions. $PAY said it was planning for a net $30MM reduction in 2017. The company accelerated these cost cuts and much of this is reflected in $143MM of Opex reported in 3Q16. $PAY is planning for a lower Opex structure into 4Q16.
Visa ($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.