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$CL's cash and cash equivalents fell $119MM during 2015 to $970MM at Dec. 31, 2015, compared to $1,089MM as of the same period a year ago. $CL's majority of cash and cash equivalents were held by the companyâ??s foreign subsidiaries. $CL's domestic and foreign commercial paper outstanding was $5MM compared to $255MM a year ago.
Visa ($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.