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$LVLT reiterated 2016 guidance for adjusted EBITDA growth of 10-12% and free cash flow of $1-1.1Bil. $LVLT still sees GAAP interest expense of $555MM, cash interest expense of $510MM and CapEx of 15% of revenue. $LVLT still sees depreciation and amortization of $1.23Bil, non-cash compensation expense of $170MM and income tax rate of about 30%.
Visa ($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.