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$KBH said that its 3Q16 SG&A expense ratio of 10.8% improved 110 BP from 3Q15 due to ongoing cost containment initiatives. The company expects 4Q16 SG&A expense ratio to be in the low-to-mid 9% range and for the full-year 2016, expense ratio is anticipated to be just below 11%, which is in line with the previous guidance.
Visa ($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.