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$PCAR posted a net loss of $594MM, or $1.69 per share, in 1Q16 from a net income of $378MM, or $1.06 per share, a year ago. This quarter results include a $942.6MM non-recurring charge for the European Commission investigation of all European truck manufacturers. Net sales and financial services revenues were $4.3Bil, down from $4.83Bil a year ago.
Visa ($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.