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$NTAP said it is driving to achieve a gross run rate savings of $400MM across both cost of revenue and OpEx by the end of FY17. The company will reinvest some of these savings into strategic opportunities such and SolidFire and other initiatives using a net run rate savings of roughly $130MM by the end of FY17.
Visa ($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.