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$FB's effective tax rate for 3Q15 slid to 37% from 40% last year, on change in geographic mix of income before provision for taxes. The tax rate has exceeded U.S. statutory rate primarily because of impact of acquiring intellectual property and integrating it into its business and effect of non-deductible share-based compensation.
Visa ($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.