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$HP said, excluding rigs with long-term contracts that have already been early terminated and combining all three of its drilling segments, the company currently has an average of approx. 99 rigs under term contracts expected to be active in FY16, 78 in FY17 and 47 in FY18. $HP's backlog level as of March 31, 2016 was at approx. $2.3Bil.
Visa ($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.