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$AME said that during 1Q16 organic selling expenses on a percentage basis were down in line with organic sales on a percentage basis. G&A expenses were 1.3% of sales in the quarter, slightly above 1.2% of sales in 1Q15. The effective tax rate was 26.7%, down from 20.1% in 1Q15 as a result of ongoing tax planning initiatives.
Visa ($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.