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In 3Q15, $IBM's reported OpEx and other income was down 12%, at this level of spend $IBM's expense to revenue ratio was up 80 BPs. The reported decline in expense this quarter is driven by currency and the divestiture of System x. And it also had a higher level of workforce rebalancing and lower amount of performance based compensation.
Visa ($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.