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$LLY 3Q15 total OpEx declined by 7% or over $200MM YoverY. R&D expense declined 10%, driven by 2014 charge associated with the termination of tabalumab development and favorable FX rate impact. By geography, US pharma revenue was up 13%, driven by volume, partially offset by price.
Visa ($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.