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Semiconductor device company $MU's total net sales fell in 2Q16 due to lower MBU and CNBU sales as a result of decrease in DRAM average selling prices and mobile DRAM gigabit sales volumes. CNBU sales fell 42%, SBU sales fell 5.6%, MBU sales fell 41.2%, and EBU sales fell 8.4% versus 1Q16.
Visa ($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.