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$XLNX recorded tax provisions of $16.7MM and $36.9MM for 2Q16 and 1H16, representing an effective tax rate of 12% for both the periods. The tax rate was lower than the 35% U.S. federal statutory tax rate primarily due to income earned in lower tax rate jurisdictions as $XLNX plans to permanently reinvest these earnings outside of the U.S.
Visa ($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.