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$JOY said its BoD cut the quarterly dividend to $0.01 per share from $0.20 per share, and forecast revenue to be $2.4-2.6Bil and adjusted diluted EPS to be $0.10-0.50 in 2016. If maintained, dividend reduction will reduce annual cash outlay by about $75MM, the company said. CapEx was $14MM in 4Q15, down from $22MM a year ago.
Visa ($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.