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$NE 2Q15 Call: Guidance unchanged for capitalized interest in the year at $20-25MM. Net interest expect in 3Q15 is expected to be $55-60MM. Effective tax rate for the year is being lowered from previous guidance of 21-23% to a revised range of 18-20%. Better-than-expected 1Q15 and 2Q15 tax rates contribute to lower annualized rate.
Visa ($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.