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Oil and gas company $NBL reported a wider 2Q16 net loss, hurt by higher operating losses and higher expenses. $NBL said net loss for the quarter was $315MM or $0.73 per share compared to $109MM or $0.28 per share in 2Q15. Total revenue for the quarter rose 14.76% to $847MM. Excluding items, $NBL reported a loss per share of $0.24 per share.
Visa ($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.