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$MET 2Q15 Call: 2Q15 included one notable item in Asia business. Japanese corporate tax rate was reduced from 31% to 29%, as a result we have recorded a one-time tax benefit of $174MM in 2Q15. Operating earnings portion of one-time benefit was $61MM or $0.05 per share. We estimate that tax benefit from rate reduction will be approx. $24MM in 2015.
Visa ($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.