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Lab instruments provider $A's 2Q16 SG&A expense grew 9% versus 2Q15, due to wage increases, higher variable pay, impact of foreign currency movements and acquisition costs. Effective tax rate from continuing operations was 22.2% and income tax expense from continuing operations was $26MM in the quarter.
Visa ($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.