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In 2Q16, $CLC posted net sales of $154MM in its Engine/Mobile Filtration segment, down 4% from 2Q15, driven by FX and a decline in off-road, fuel filtration product sales. In the Industrial/Environmental Filtration segment, net sales were $210.9MM, down 4% driven by FX and lower natural gas and industrial air filtration sales.
Visa ($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.