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Joseph Spak of RBC Capital Markets asks if there is any change to the outlook in China for the year 2016. CFO Charles Stevens replied that $GM has not changed its outlook for China. He added that the company continues to expect strong performance in China with equity income in the range of $2Bil, consistent with 2015 and margins in the 9-10% range.
Visa ($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.