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During 3Q15, $AVY generated about $85MM of free cash flow from continuing operations and about $200MM YTD. For FY15, $AVY estimates to realize more than $70MM in pre-tax savings from restructuring, net of transition costs, and incur pre-tax restructuring charges of about $65MM, most of which will represent cash costs.
Waiting with fingers crossed for $AAPL’s fourth quarter earnings.
Looking ahead to $AAPL earnings release later in the afternoon today? Gene Munster, analyst from Piper Jaffrey and the most respected authority for Apple, had this to say - "The second and slightly larger group of investors believe the tail of the iPhone 7 is irrelevant, and is betting that the iPhone 10th Anniversary will yield a jump in growth from flat to up ~15%."
Visa ($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.