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El Segundo, California-based toy maker $MAT said that the company made good progress against its cost reduction goals, both in COGS and SG&A. The company also said that it is seeing broad based strength across most regions, particularly in its emerging markets. $MAT expects the cost savings to accelerate through balance of the year.
Visa ($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.