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$HRL's effective tax rate for 4Q15 rose to 35.2% from 34.1% last year, due to the impact of the goodwill impairment charge. For FY15, effective tax rate increased to 35% from 34.3% in the prior year, impacted by the unfavorable impact of the exit from international JV businesses. $HRL sees effective tax rate in FY16 of about 34%.
Visa ($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.