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$DD expects 2016 operating EPS of $3.05-3.20 versus prior outlook of $2.95-3.10. Company expects negative currency impact of $0.20 per share and headwind from higher base tax rate of $0.10 per share in 2016. A benefit of $0.64 per share is expected from 2016 cost savings and restructuring plan. $DD expects 1H16 operating EPS to be flat with 1H15.
Visa ($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.