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Drug company $PRGO reported a 4Q15 loss compared to a profit last year, due to higher selling and administration expenses as well as higher impairment and restructuring charges. Net loss was $107MM or $0.74 per share compared to a profit of $70.2MM or $0.51 per share last year. Sales grew to $1.42Bil from $1.07Bil. Adjusted EPS slid 1% to $1.80.
Visa ($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.