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Cloud services provider $AKAM posted lower 2Q16 earnings due to lower income from operations & lower provision for income taxes. 2Q16 net income rose 10% to $74MM and diluted EPS rose 14% to $0.42 vs. 2Q15. Revenue rose 6% to $572MM vs. 2Q15, helped by higher revenues in Performance & Security Solutions and Services & Support Solutions.
Visa ($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.