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Largest processor of oilseeds $ADM said it generated $557MM from operations before working capital changes in 1Q16, slightly lower than 1Q15. Total capital spending for 1Q16 was $180MM, down from $244MM in 1Q15. The company in 1Q16 spent about $0.3Bil to repurchase approx. 9MM shares, and expects to repurchase $1.0-1.5Bil of its own stock in 2016.
Visa ($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.