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$NUE's effective tax rate for 3Q15 fell to 24.4% from 32.1% last year. The fall is primarily due to favorable non-cash out-of-period adjustment to deferred tax balances during 3Q15. The fall is also due to change in relative proportions of earnings to total pre-tax earnings between periods and adjustment of tax expense to previously filed returns.
Visa ($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.