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$NI's income tax expense for 3Q15 was $5.8MM compared to a $0.7MM income tax benefit last year. The effective tax rates for 3Q15 and 3Q14 were 28.2% and 3.9%, respectively. These rates differ from the Federal tax rate of 35% mainly due to the effects of tax credits, state income taxes, utility ratemaking and other permanent book-to-tax differences.
Visa ($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.