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California-based company $CRM said in 2Q17, deferred revenue was $3.8Bil, up 26% in dollars and 27% in constant currency. The dollar value of booked business on and off the balance sheet is now $11.8Bil, which is up 28% from a year ago. The company is raising its FY17 revenue guidance to $8.325Bil at the high-end of its range, up 25%.
Visa ($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.