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$SRE 2Q15 PR: Revenues for the quarter were $2,367MM compared to $2,678MM in 2Q14. Net earnings for the quarter was $295MM compared to $269MM in 2Q14. SoCalGas earnings in 2Q15 were $70MM compared to $80MM in 2Q14. The reduction in earnings was due primarily to seasonality of revenues, which had a $48MM negative impact for the quarter.
Visa ($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.