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Security products and services provider $TYC reported a steep decline in net income to $76MM or $0.18 per share in 1Q16 from $162MM or $0.38 per share in 1Q15 hurt by an increase in other expenses. Revenue of $2.4Bil dropped 4% versus the prior year primarily due to a 6% negative impact of the stronger US dollar against foreign currencies.
Visa ($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.