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$CBS said revenue from its largest segment, Entertainment, grew 9% YoverY to $2.46Bil in 4Q15, driven by 8% growth in network advertising revenues. Affiliate and subscription fees were up 45%, and content licensing and distribution revenues grew 7% as a result of increased international television licensing revenues, said the company.
Visa ($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.