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$PG 3Q15 10-Q: Net sales were $18.14Bil vs. $19.64Bil in 3Q14. Cost of product sold $9.33Bil vs. $10.04Bil in 3Q14. Operating income was $3.13Bil vs. $3.31Bil in 3Q14. Net earnings $2.15Bil vs. $2.61Bil in 3Q14. Diluted earnings per share were $0.75 vs. $0.9 in 3Q14. Gross margin was 48.6% vs. $48.9% in 3Q14.
Visa ($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.