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During 3Q16, $QCOM said that QTL had reported device sales of approx. $62.6Bil and revenues of $2Bil. This was driven mainly by the catch-up reporting of certain prior-period sales and revenue, as well as stronger-than-expected 3G, 4G device ASPs. The company said that it recognized over $200MM in revenue for sales reported during 1Q16 and 2Q16.
Visa ($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.