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$FCX slipped to a 3Q15 loss due to a fall in revenue and charges primarily for the reduction of the carrying value of oil and gas properties and other items. Net loss was $3.83Bil or $3.58 per share compared to an income of $552MM or $0.53 per share last year. Revenue fell to $3.68Bil from $5.7Bil.
Visa ($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.