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$CMI 2Q15 PR: Cummins reported net sales of $5,015MM, up 4% YoverY. The increase was driven by stronger demand in on-highway markets and distributor acquisitions in North America. Revenues in North America rose 12% while international sales declined by 6%. Net income grew 6% to $471MM. Operating income was $723MM vs. $612MM in 2Q14.
Visa ($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.