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$IP recorded Ilim JV equity earnings of $34MM in 4Q15 versus an equity loss of $9MM in 3Q15. A non-cash after-tax FX loss of $19MM or $0.05 per share was recognized in 4Q15 due to Ilim's US dollar denominated net debt. Free cash flow was $501MM and cash from operations was $990MM in the quarter. Net corporate expenses were $9MM.
Visa ($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.