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$GWW said it reiterated its 2016 sales and EPS guidance issued on Nov. 12, 2015. $GWW still expects -1% to 7% sales growth and EPS of $10.80-13.00. The industrial supplier expects to deploy $1.6Bil to share repurchases in 2016 and 2017. $GWW lowered its effective tax rate outlook to range of 35.2-36.2% from previous estimate of 36.3-37.3%.
Visa ($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.