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$PG said it is on track to close the deal with Coty in Oct. 2016. By the end of FY16, the company said it would exit 105 brands, which represent about 6% of base period profit. $PG said on guidance, the company expects FY17 all-in sales growth of about 1%, including a 1 point drag on growth from the net impact of FX and divestitures.
Visa ($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.