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$WU's tax rate was 7.6% in 2Q16 versus 8.5%, benefiting from changes in tax contingency reserves and other discrete items, including the impact of the FTC accrual which lowered the rate by about 180 BPs. Cash flow from operating activities was $486MM YTD through June. CapEx was $61MM in 2Q16.
Visa ($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.