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$LYB said that going forward it expects Olefins & Polyolefin markets remaining tight during the near term. Planned maintenance activities is expected to impact 2Q16 results by approx. $20-30MM and refinery repair will impact results by an additional $40-70MM. Supply and inventory of natural gas and NGL to remain strong; pricing to remain favorable.
Visa ($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.