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$HRL, a competitor of $TSN and $CAG, said its Refrigerated Foods segment profit grew 27% and volume rose 2% in 4Q15 driven by increases in the affiliated foods business, higher pork operating margins, the acquisition of Applegate and an improved product mix. The Jennie-O Turkey Store segment profit declined 23% hurt by the avian influenza outbreak.
Visa ($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.