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$ENH said it estimated net negative financial impact in 2Q16 from Fort McMurray wildfires in Canada, convective storms in Texas and Europe, and the Kumamoto earthquake in Japan collectively generated about $10Bil in industry losses. Estimated negative financial impact to $ENH of $55.5MM mainly comes from its Global Catastrophe Reinsurance business.
Visa ($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.