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$FTI said its largest segment, Subsea Technologies, revenue fell 29% to $1Bil, impacted negatively by the strong US dollar. Surface Technologies revenue fell 45.8%, hurt by a 52% decline in the North American rig count. Energy Infrastructure revenue fell 30.3%, due to steep activity decline in the North American land market.
Visa ($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.