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$EIX 2Q15 PR: Southern California Edison’s core earnings increased by $22MM or $0.07 per share vs. 2Q14, due to $100MM or $0.31 per share, tax benefit from revisions to liabilities for uncertain tax positions. Edison International Parent & Other’s core losses decreased by $4MM or $0.01 per share vs. 2Q14 primarily due to lower corporate expenses.
Visa ($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.