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$TTC said that 3Q16 net sales were $601MM vs. $609.6MM for 3Q15. Without the impact from currency, sales would have been flat. The company's YTD net sales were up nearly 1% to $1.92Bil vs. last year. 3Q16 GM rose 50 BP to 36% vs. 3Q15, helped by commodities, productivity and segment mix. For 2016, $TTC expects GM to increase by about 130 BP.
Visa ($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.