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$EMR expects tough market conditions to remain through the first six to nine months of 2016 and forecast its FY16 net sales to decline about 6-8%. Underlying sales to be down about 2-5%, excluding negative FX of about 2% and 2% deduction from divestitures. On an adjusted basis, EPS is expected to be approx. $3.05-3.25 compared to $3.17 in 2015.
Visa ($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.