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During 1Q17, $BOBE said that it recognized tax expense of 22.4% vs. 24.3% in 1Q16. The decrease in the tax rate was hurt by the impact of yearly variances in the forecasts of annual rate related to wage credits, the domestic productions activities deduction, and officers' life insurance. Non-GAAP tax rate was 22.6% for 1Q17.
Visa ($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.