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Furnaces, air conditioners and other products maker $LII reported rise in 2Q16 earnings on higher volume and lower material costs, partially offset by unfavorable FX and investments in distribution expansion. Net income rose to $110.7MM or $2.51 per share from $81.2MM or $1.78 per share. Adjusted EPS from continuing operations jumped 38% to $2.53.
Visa ($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.