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$RTN expects to make required contributions to its pension and postretirement benefit plans of approx. $165MM in 2016. Federal and foreign net tax payments for 2016 are expected to approximate $700MM. The decrease in expected federal and foreign net tax payments in 2016 is mainly due to the timing and amount of pension contributions.
Visa ($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.