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$SNI contributed $1.7MM to fund current benefit payments for the supplemental employee retirement plan (SERP) in 3Q15. $SNI anticipates contributing $2.2MM to fund the SERP's benefit payments during the remainder of 2015. The company does not expect to contribute to its defined benefit pension plan during 2015.
Visa ($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.