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$CF projects FY16 CapEx of about $1.8Bil, consisting of about $1.2Bil for capacity expansion projects and $600MM of sustaining and other expenses. In 2H16, company expects capacity expansion projects and OCI merger to be complete. $CF expects capacity additions to fall in 2017 and beyond, and expects nitrogen demand to grow 2% per year.
Visa ($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.