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Frosted Flakes, Pop Tarts and Eggo waffles maker $K reported narrower 4Q15 loss due to $393MM mark-to-market adjustment on pension plans asset returns impact. Net loss narrowed to $41MM or $0.12 per share from $293MM or $0.82 per share. Sales fell 10.6% to $3.14Bil. Comparable EPS slid 6%, while currency-neutral comparable EPS rose by 1.2%.
Visa ($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.