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$PSX's 3Q15 adjusted earnings were $1.6Bil or $3.02 per share. Overall, QoverQ adjusted earnings were up $645MM mainly driven by increased earnings in Refining and Marketing & Specialties. Capital spending for the quarter was $1Bil with about $700MM being spent in Midstream on growth projects and $200MM in Refining.
Visa ($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.