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Norcross, Georgia-based $WRK said it made progress on the achievement of its synergy and performance improvement goals by realizing $350MM in annual run-rate savings as of the end of 2Q16. The company expects to be at an annualized run rate of $450-500MM by the end of 2016. In addition, $WRK maintains its 2016 free cash flow guidance of $0.95-1Bil.
Visa ($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.