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$LNCE's total net revenue for 2Q16 increased to $609.5MM from $431.4MM in the prior year quarter. Revenue for Other category fell 18.3%, primarily due to planned exit of certain contract manufacturing agreements. Excluding contribution from Diamond Foods, net revenue decreased 1.3% from last year, due to decline in Other revenue.
Visa ($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.