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Newark, New Jersey-based energy company $PEG said that 1Q16 was 10% warmer than normal and the fifth warmest on record. March was extremely mild with heating degree days 25% lower than normal. Weather during 1Q16 was 27% warmer than 1Q15. PSE&G segment is expected to invest $3Bil in 2016 as part of its 5-year $12Bil capital program.
Visa ($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.