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$NOC increased its guidance for 2016 diluted EPS to $10.75-11.00 to reflect YTD financial performance as well as an approx. $40MM or $0.20 per share tax benefit to be recorded in 3Q16. Sales are expected to be $23.5-24Bil in 2016. Capex is expected to be $0.8-1Bil and free cash flow is expected to be $1500-1800MM in 2016.
Visa ($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.