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$SJM 1Q16 PR: Diluted EPS was $1.14 compared to $1.14 in same period last year. It was in line with prior year as benefit from Big Heart operations was offset by higher interest expense & impact of additional shares outstanding. Non-GAAP income per share was $1.32, a decrease of 1%. Adjusted non-GAAP income per share was $1.60, an increase of 7%.
Visa ($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.