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Homebuilding company $KBH posted higher 3Q16 earnings, helped by increased operating income margin and double-digit growth in deliveries. Net income rose 69% to $39.63MM or $0.42 per diluted share vs. $23.25MM or $0.23 per diluted share in 3Q15. Total revenue rose 9% to $913.3MM vs. 3Q15, with housing revenues up 14%.
Visa ($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.