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$ABC 3Q15 Call: Adjusted operating income was $455MM, up about $52MM. Adjusted operating margin was 1.33%, up 3 BP due to having MWI as they have a higher margin profile than core drug businesses. Interest expense net was about $28MM and roughly half of the quarterly expense was related to MWI acquisition financing.
Visa ($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.