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Food and beverage company $KHC posted GAAP net sales of $6.1Bil, an increase of 136% due to the merger of Kraft and Heinz vs. net sales of $2.6Bil in 3Q14. GAAP diluted loss per share was $0.27 vs. $0.02 loss per share in 3Q14. Adjusted pro forma EBITDA dipped 3.4% due to a negative 8.2 percentage point impact from currency.
Visa ($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.