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$SLB said that its net debt rose $3.4Bil to $10Bil during 2Q16. This increase was driven by $2.8Bil of cash paid to Cameron shareholders and $785MM of net debt assumed in connection with the transaction. $SLB ended the quarter with total cash and investments of $11.6Bil and $31MM was spent to repurchase 428,000 shares at an average price of $72.77.
Visa ($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.