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$SYMC 1Q16 Call: BoD authorized an increase of the stock buyback program to $2.6Bil. This new authorization enables us to retain flexibility as we finalize our capital allocation strategy in anticipation of the transaction’s closing by the end of our third fiscal quarter. We intend to repurchase the first $2Bil over the next 18 months.
Visa ($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.