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$TSCO lowered its FY16 EPS guidance to range of $3.35-3.40 from prior forecast of $3.40-3.48 and its net sales outlook to range of $6.8-6.9Bil from prior estimate of $6.9-7.0Bil. $TSCO reduced FY16 net income forecast to $451-456MM from prior range of $455-467MM, and comparable store sales estimate to 2.5-3.5% from prior range of 3.5-5%.
Visa ($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.