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$MCK's cost alignment plan, which includes workforce reduction and business process initiatives, recorded pre-tax charge of $229MM in 4Q16, representing adjusted earnings impact of $0.73 for FY16. Cost alignment charges reduced adjusted gross profit by $26MM and increased adjusted OpEx by $203MM for 4Q16 and FY16.
Visa ($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.