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$UTX said that its organic sales were up 1% during 2Q16. The company's commercial businesses saw 3% growth in the Americas, driven by Otis, which was up 10%. CCS sales were flat as lower commercial HVAC exports and fire and security sales were offset by 3% growth in US residential HVAC. Europe and Middle East sales were flat at both Otis and CCS.
Visa ($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.