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$KLAC leases certain of its facilities under arrangements that are accounted for as operating leases. Rent expense was $2.1MM and $2.2MM for the 3Q16 and 3Q15, respectively. Rent expense was $6.4MM and $6.8MM for the nine months ended March 31, 2016 and 2015, respectively.
Visa ($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.