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$TECD sees 2Q17 worldwide net sales of $6.55-6.75Bil. This assumes YoverY constant currency sales growth of flat to low-single-digits in both regions, and average USD to Euro exchange rate of $1.12 to EUR 1. $TECD sees non-GAAP EPS of $1.39-1.49, which assumes weighted average shares outstanding of 35.4MM and effective tax rate of 28-30%.
Visa ($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.