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James Sheehan of SunTrust Robinson Humphrey asks about cash allocation and M&A strategy. CEO Bob Patel said that free cash flow was deployed towards dividend and share buyback program. Over time, $LYB will use cash flow to fund growth projects. To consider M&A, $LYB needs a clear path to value creation, Patel said.
Visa ($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.