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$MKC said it grew Industrial segment sales in the Asia-Pacific region 9% in constant currency, helped by higher sales to quick service restaurants in the region, mainly from the operations in China. $MKC's tax rate on a GAAP basis was 23.1% compared to 15.9% a year ago and the company is now expecting FY16 tax rate in the range of 27-28%.
Visa ($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.