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Home and security products company $FBHS reported a 58% jump in 2Q16 earnings driven by higher sales and gains in all segments. Net income rose to $125.1MM or $0.80 per share from $79.4MM or $0.48 per share in 2Q15. Net sales grew 11% to $1.3Bil. EPS before charges/gains increased 39%, on stronger business performance and lower tax rate.
Visa ($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.