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$MON 3Q15 PR: Total net sales were $4,579MM vs. $4,250MM in 3Q14 and net income was $1,141MM vs. $858MM in 3Q14. For the first nine months, net sales were $12.6Bil and gross profit $7.2Bil. Free cash flow was a use of $789MM for the first nine months of FY15 compared to a use of $1.4Bil for the same period FY14.
Visa ($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.