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Schaumburg, Illinois-based $MSI said the company expects operating expenses to be $1.45Bil for FY16, down $120MM vs. 2015, inclusive of Airwave. Also for FY16, adjusted EBITDA is expected in the range of $1.62-1.66Bil, an increase of approx. 25%. Operating cash flow is expected to be $1.1-1.2Bil and free cash flow of $825-900MM for FY16.
Visa ($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.