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$XRX operating margin was down 90 BP YoverY at 8.7% in 3Q15 and operating profit was down 16%, driven by currency and developing markets. Debt at the end of 3Q15 was $7.6Bil. In 4Q15, $XRX expects an additional $200MM debt reduction, bringing the year-end debt level to approx. $7.4Bil. $XRX expects FY15 revenue to be down 3% at constant currency.
Visa ($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.