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Effective tax rate for 2Q15 reported by $CHRW was 38.5%, 1.4% lower than the tax rate reported the same quarter a year ago. It was due the state income taxes, net of federal benefit that the tax rate was greater than the statutory federal income tax rate.
Visa ($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.