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$MOS lowered its CY16 selling, general and administrative expenses forecast to $330-350MM from prior range of $350-370MM and capital expenditures outlook to $750-850MM from prior range of $800-900MM. The company also cut Brine management costs estimate to $150-170MM from $160-180MM and now sees effective tax rate of about 10%.
Visa ($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.