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Oil and gas company $EOG reported a 2Q16 net loss of $292.6MM or $0.53 per share compared to a profit of $5.3MM or $0.01 per share last year, due to a drop in operating revenues as well as lower commodity prices. Operating revenues dropped to $1.78Bil from $2.47Bil. Adjusted loss per share was $0.38 compared to EPS of $0.28 a year ago.
Visa ($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.