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For 2015, $COF recorded lower income tax provisions of $1.9Bil or 31.8% effective income tax rate vs. $2.1Bil or 32.7% in 2014. The decrease in effective tax rate was primarily due to lower income before taxes, higher discrete tax benefits and increased net tax credits. This was partially offset by a reduced benefit of lower taxed foreign earnings.
Visa ($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.