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$ESV 2Q15 Call: In a mutually negotiated deal. We extended the contract term for ENSCO DS-7 in Angola to the fourth quarter of 2017. Gaining approximately $125MM of revenue backlog on a net basis since as part of this agreement the DS-1 was terminated early, as a result we have accelerated our plans to cold stack DS-1.
Visa ($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.