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$PCLN, provider of online travel and related services, posted higher 1Q16 results, helped by growth in room night reservations and higher revenue. $PCLN said net income rose 12.32% to $374.42MM, or $7.47 per share compared to $333.33MM, or $6.36 per share a year ago. Revenue rose 16.7% to $2.14Bil. Excluding items, $PCLN earned $10.54 per share.
Visa ($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.