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$RL 1Q16 PR: Ralph Lauren reported total net revenues of $1,618MM vs. $1,708MM in 1Q15. Net income was $64MM vs. $162MM in 1Q15. Diluted EPS was $0.73 vs. $1.80 in 1Q15. Operating income was $96MM vs. $244MM in 1Q15. OpEx was $870MM, including $42MM in restructuring and non-cash charges associated with RL's global brand reorganization.
Visa ($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.