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$UVV said that during FY16 Other Regions' operating income was $143.6MM, up 14% vs. $125.8MM in FY15. Better margins, fewer inventory write-downs, and lower SG&A expenses drove the improvement, outweighing decline. North America operating income was $31.1MM, flat vs. FY15, while the Other Tobacco Operations operating income rose by $1MM to $11.3MM.
Visa ($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.