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Purchases of property and equipment for FY16 are anticipated to be in the range of $110-120MM. This will include costs for internally developed software, as $PAYX continues to invest in its product development. For FY16, $PAYX expects depreciation expense in the range of $95-105MM, and amortization of intangible assets in the range of $10-15MM.
Visa ($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.