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$WAT said GMs for the year 2016 are expected to be about equal to those in 2015, as volume-related manufacturing efficiency gains will likely be offset by a modest full year negative FX dynamic. The company expects to manage its OpEx to grow at a rate less than its sales growth rate. Net interest expense is expected to be approx. $28MM in 2016.
Visa ($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.