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For FY16, $TSN expects domestic protein production (chicken, beef, pork and turkey) to rise about 2-3% from FY15 levels and moderate export growth. Higher domestic availability could pressure protein pricing. $TSN sees synergies of more than $500MM in FY16 and $700MM in FY17 from acquisition as well as profit improvement plan for Prepared Foods.
Visa ($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.