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Producer of floor covering products $MHK said that 4Q15 operating margin was 13.9%, up 260 BP and operating income would have been $12MM higher using a constant exchange rate. 4Q15 income tax rate, excluding unusual items was 18.7% vs. 19% in 4Q14. The company expects 1Q16 income tax rate to be 25% and the full-year 2016 rate to be between 24.5-25.
Visa ($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.
It is official, with $T buying $TWX, it looks like distributors want to own the content production too. Expect some good competition between Netflix ($NFLX), AT&T, Comcast ($CMCSA) and others. However, will this be good for the consumers will not be decided soon.