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During 2Q16, $GPC's total expenses were $865MM or 22.2% of sales, which was up slightly from last year mainly due to lower sales levels. This was partially offset by the company's tight cost control measures. The company D&A expense was $36MM for the quarter and expects full-year 2016 expense to be in the range of $145-160MM.
Visa ($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.