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$KMI entered into a definitive agreement with Philly Tankers LLC on Aug. 2015 totaling $568MM for the construction of its new Tier II, LNG-conversion-ready tankers with a capacity of 337 MBbl each. The tankers are expected to be delivered between Nov. 2016 and Nov. 2017 and this would increase Jones Act tanker fleet to 16 ships by late 2017.
Visa ($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.