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$CNK said that in U.S., it operated 338 theaters and 4,551 screens in 41 states and 102 DMAs at 1Q16-end. The company built one new theater with 12 screens and closed three theaters with 21 screens during 1Q16. $CNK has signed commitments to open 4 theaters and 45 screens during 2016 and expects to spend approximately $21MM for these openings.
Visa ($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.