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For 1Q16, $HRL's effective tax rate was 33.6% vs. 34.7% in 1Q15. The tax rate was lower mainly due to the unfavorable impact of the exit from international joint venture businesses impacting 1Q15. For FY16, the company expects effective tax rate to be in the range of 33.5-34.0%.
Visa ($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.