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$PM reported flat earnings in 3Q16 compared to 3Q15. Net earnings attributable to the company were $1.94Bil or $1.25 per diluted share, unchanged from last year. Reported net revenues of $19.9Bil were up by 2.6% and net revenues, excluding excise taxes, of $7Bil were up by 0.8% from last year. Adjusted diluted EPS of $1.25 was up 0.8% versus 3Q15.
Visa ($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.