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$GLW 2Q15 Call: Delivered free cash flow of $380MM. CapEx forecast remains at $1.3-1.4Bil for FY15. During 2Q15, GLW increased the rate of share repurchases by about 25% vs. 1Q15. BoD authorized a new $2Bil share repurchase program on July 15. Cash is healthy at $5.5Bil, and ended the quarter with approx. $2Bil of cash in the US.
Visa ($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.
It is official, with $T buying $TWX, it looks like distributors want to own the content production too. Expect some good competition between Netflix ($NFLX), AT&T, Comcast ($CMCSA) and others. However, will this be good for the consumers will not be decided soon.