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For 3Q16, $PAY expects non-GAAP net revenues of $515MM and non-GAAP diluted EPS of $0.40. For FY16, $PAY updated its outlook for non-GAAP net revenues to $2.100Bil and non-GAAP diluted EPS to $1.85. $PAY is conducting a strategic review and estimates these activities in total will generate approx. $30MM of savings in 2017.
Visa ($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.