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$EXPE said that in connection with the migration of technology platforms and centralization of technology, supply and other operations, it recognized $30MM & $5MM in restructuring and related reorganization charges during 1Q16 and 2015. Based on current plans, the company expects approx. $25MM of restructuring charges for the remainder of 2016.
Visa ($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.