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$HP said that the effective income tax rate for 1Q16 was higher than expected primarily as a result of adjustments related to the recent tax law change, extending bonus depreciation allowances that expired at the end of 2014. The company expects that effective tax rate for each of the remaining three quarters of 2016 to be in the range of 32-35%.
Visa ($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.