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$OI stated that it had included the results of recently acquired Vitro's food and beverage businesses' September results in 3Q15 reported earnings. $OI expected the acquisition would reduce results by $0.05 as $OI set up the optimal structure in Mexico. Acquired business's headwind on EPS was less than expected. Global volumes were up 4%.
Visa ($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.