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$CMP, a salt & plant micro-nutrient producer, reported lower 1Q16 results, hurt by continued mild winter weather & agricultural market weakness. $CMP said net income fell 17% to $49.7MM or $1.46 per share compared to $60.6MM or $1.79 per share a year ago. Revenue fell 12% to $345.7MM, hurt by lower segment sales volumes and average selling price.
Visa ($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.