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Engineering services provider $MTRX said it began FY16 with a record level of backlog and while the business was impacted by significant variability in the commodity markets and an unexpected client bankruptcy, it delivered solid results for the year. For FY17, the opening backlog represents more than 60% of anticipated FY17 revenue.
Visa ($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.