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$DE said it expects ag & turf industry sales in US and Canada to decline 15-20% with large ag sales down 25-30% in 2016. In South America, industry sales of tractors and combines to be down 10-15% and sales in Asia to be flat to down slightly. Industry retail sales of turf and utility equipment in US and Canada are forecasted to be flat to up 5%.
Visa ($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.