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$MCHP 1Q16 Call: Consolidated inventory at June 30, 2015, was $303.7MM or 123 days, up by 12 days to the levels at the end of the March quarter. As of June 30, 2015, the consolidated cash and total investment position was $2.43Bil and borrowings under revolving line of credit were $497MM. Capital spending was approx. $33.6MM in the June quarter.
Visa ($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.