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$HAR's Connected Car gross profit as a percentage of net sales rose 0.6 percentage points YoverY to 24.8% for 2Q16, due to improved leverage of fixed costs over a higher net sales base and lower warranty costs. On the other hand, Lifestyle Audio gross profit as a percentage of net sales fell 2.0 percentage points YoverY to 32.6%.
Visa ($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.