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Chris Danely of Citigroup asks about restructuring; total expenses dropping $150MM a quarter from 4Q16 to 2Q17. $INTC CFO Stacy Smith said that the company cannot give that level of granularity of forecasting by quarter in 2017. The $1.4Bil is all opex, an opex savings number that $INTC believes to get to by mid-2017.
Visa ($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.