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Maker of lifestyle products $RL posted loss during 1Q17 due to operating loss and higher expenses. 1Q17 net loss was $22MM or $0.27 diluted loss per share vs. net income of $64MM or $0.73 per diluted share in 1Q16. Net revenues fell 4% to $1.6Bil vs. 1Q16, hurt by lower revenues in its Wholesale, Retail and Licensing segments.
Visa ($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.