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Calvin Klein and Tommy Hilfiger brands owner $PVH reported a decline in 2Q16 earnings due to higher costs and expenses. Net income slid to $90.5MM or $1.11 per share from $102.2MM or $1.22 per share last year. Total revenue grew to $1.93Bil from $1.86Bil. Non-GAAP EPS rose to $1.47 from $1.37.
Visa ($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.
It is official, with $T buying $TWX, it looks like distributors want to own the content production too. Expect some good competition between Netflix ($NFLX), AT&T, Comcast ($CMCSA) and others. However, will this be good for the consumers will not be decided soon.