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$NFX reported a 3Q15 loss due to full-cost ceiling test impairment of $1.9Bil. Net loss was $1.23Bil or $7.52 per share compared to a profit of $278MM or $2.02 per share last year. Oil, gas and NGL revenues dropped to $377MM from $610MM. Adjusted income was $34MM or $0.21 per share for 3Q15.
Visa ($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.