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$HRL 2Q15 10-Q: Net sales were $2,279.34MM vs. $2,244.87MM in 2Q14. Cost of products sold $1,819.79MM vs. $1,866.11MM in 2Q14. Gross profit was $459.56MM vs. $378.76MM in 2Q14. Operating income was $277.69MM vs. $216.56MM in 2Q14. Net earnings were $180.2MM vs. $140.09MM in 2Q14. EBIT was $275.73MM vs. $213.16MM in 2Q14.
Visa ($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.