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On Dec. 11, 2015, $DD announced a 2016 global cost savings and restructuring plan designed to reduce $730MM in costs compared to 2015. During the year ended Dec. 31, 2015, a pre-tax charge of $798MM was recorded, consisting of $793MM of employee separation/asset related charges, net and $5MM in other income, net.
Visa ($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.