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$RHI's 1Q16 GM dollars were $532MM, up by 7.7% versus $494MM for 1Q15. During the quarter, GM dollars increased for all three of the company's reportable segments versus 1Q15. The provision for income tax was 37.7% vs. 39.2% 1Q15. The lower tax rate is primarily due to foreign investment elections that impact the provision positively vs. 1Q15.
Visa ($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.