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For FY16, $DHI expects $300-500MM of positive cash flows from operations. For FY17, current preliminary expectations are for consolidated revenues to grow by approx. 10-15% and consolidated pretax margin to increase to 11.2-11.5%. Cash flows from operations are expected to be $300-500MM. Tax rate is expected to be 35-36%.
Visa ($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.