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$MSM said CapEx was $8MM for 3Q16 versus $13MM in 3Q15, and $35MM YTD. On July 1, 2016, the company entered into an agreement to purchase the Atlanta distribution center for $33.7MM. The purchase is expected to close in Aug. and $MSM now expects FY16 CapEx to be in the range of $80-90MM.
Visa ($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.