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For 3Q17, $SMTC expects non-GAAP OpEx to decline slightly versus 2Q17 and GAAP OpEx to decline about 41% due to the impact of the $26MM gain from Snowbush divestiture. Net inventory is expected to rise slightly from 2Q17 levels on absolute dollar. $SMTC expects GAAP tax rate to be about 20% for 3Q17 and in the 24-26% range for FY17.
Visa ($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.