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Effective Dec. 31, 2015, $CL changed its accounting method for its Venezuelan operations and in future periods will no longer include the results for the same in consolidated financial statements. $CL expects the EPS impact resulting from this accounting change to be about negative $0.10 for full year 2016 and negative $0.02-0.03 per quarter.
Visa ($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.