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$MDT expects R&D expense as a percentage of net sales to be in a range between 7% and 8% in FY16. For 2Q16, $MDT's R&D expense as a percent of net sales decreased 0.9 of a percentage point as compared to 2Q15, which is primarily attributable to higher net sales as a result of the Covidien acquisition.
Visa ($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.