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Communications services provider $VZ reported a decline in 2Q16 results hurt by the impact from work stoppage in wireline and pension-related costs. Net income attributable to $VZ was $702MM or $0.17 per share in 2Q16 compared to $4.2Bil or $1.04 per share in 2Q15. Total operating revenues fell 5.3% to $30.5Bil versus last year.
Visa ($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.