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$ESS 2Q15 Call: The estimated property taxes pertaining to the 2015 same-property portfolio is expected to be $27.2MM for 3Q14 and 4Q15. The savings in property taxes are offset by an increase through our property management fees. We have reduced the 2015 forecast for G&A expense by $2MM on S-14 in our supplement.
Visa ($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.