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$MNK's 2Q16 net sales rose 2.1% versus 2Q15, mainly driven by growth in Specialty Brands due to inclusion of Inomax and Therakos net sales. Specialty Generics net sales fell 27.1% due to dip in net sales of some products. Nuclear Imaging net sales fell 6.7% due to lower net sales of generators and an unfavorable exchange rate impact.
Visa ($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.