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$UTX said that it will announce a $1.5Bil multi-year restructuring plan focused on structural cost reductions in high-cost locations, resulting in $900MM of annualized run-rate savings when completed. Actions under this plan are expected to be implemented through 2018. $UTX also added that it expects 2015 restructuring charges of approx. $400MM.
Visa ($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.