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One of my new favorite follows: @AlphaStreet. Incredible live updates, charts, and earnings news coming from them. Visuals are great.
In $GLW's Display Technologies segment, the company expects the FY16 glass market and its volume to be up mid single digits. In 4Q16, expecting panel maker utilization to remain high and glass supply to remain tight, the company is seeing 4Q16 glass volume to be consistent with 3Q16.
$MAS remains confident that it will achieve 2017 EPS target of $1.80 that it previously stated at Investor Day in 2015. The company's operational execution, with strengthened balance sheet, strong liquidity position and substantial free cash flow, provides $MAS with multiple levers to continue to drive shareholder value.
$MAS expects to incur an additional $5MM of product launch cost in 4Q16. For 4Q16, the company still expects the revenue impact of its decision to exit select builder direct business in kitchen countertop business to negatively impact sales by $15-20MM. These impacts will continue through 1Q17.
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Looking ahead to $AAPL earnings release later in the afternoon today? Gene Munster, analyst from Piper Jaffrey and the most respected authority for Apple, had this to say - "The second and slightly larger group of investors believe the tail of the iPhone 7 is irrelevant, and is betting that the iPhone 10th Anniversary will yield a jump in growth from flat to up ~15%."
Visa ($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.
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