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$GPC said that for FY16, the company expects corporate expense to be in the $110-120MM range. The company expects its tax rate to increase over the balance of the year and is projecting a 37% tax rate for FY16. $GPC continues to expect cash from operations to be in the $0.9-1Bil range for FY16 and free cash flow to be in the $400-450MM range.
Visa ($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.