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Car insurance provider $PGR said for May 2016, net premiums written rose 11% to $1.8Bil and net premiums earned rose 11% to $1.7Bil versus May 2015. Net income attributable to company fell 4% to $75.9MM or $0.13 per diluted share. Total pretax net realized gains on securities rose 136% to $17.2MM. Average diluted equivalent shares were 585.2MM.
Visa ($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.