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$RL FY15 10-K: On May 12, 2015, RL’s Board of Directors approved Global Reorganization Plan. When substantially implemented by the end of FY16, the reorganization is expected to result in a reduction of approx. $100MM in annual OpEx. In connection with the plan, the Company expects to incur total estimated charges of $70-100MM.
Visa ($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.