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Danilo Juvane of BMO Capital asks about the cost reductions $WMB is targeting for the rest of 2016 and for 2017. CEO Alan Armstrong says the company cut 12% of its headcount so far in 2016. He indicates that similar exercises would continue. "We're hopeful to continue to improve on the cost savings beyond what we have today as we get into 2017."
Visa ($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.