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$TSN, which competes with $CAG and $KHC, said operating income grew 27% to $704MM in 2Q16, with an operating margin of 7.7%, being a record for 2Q, which is typically the most challenging. $TSN said the chicken segment is expected to come in above 12% for 2016. In Beef, company expects operating margin to be in its normalized range of 1.5-3%.
Visa ($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.