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Sporting goods retailer $HIBB posted lower 4Q16 net income of $17.4MM or $0.76 per diluted share vs. $19.9MM or $0.79 per diluted share in 4Q15, hurt by lower income before provision for income tax expense of $27.5MM. Net sales rose 2.7% to $245.7MM vs. 4Q15, helped by an increase in COGS, wholesale & logistics facility and store occupancy costs.
Visa ($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.