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Mass media company $CMCSA posted an earnings increase of 5.3% during 2Q16, mainly due to higher operating income. The company's net earnings were $2.14Bil or $0.84 per diluted share vs. $2.03Bil or $0.83 per diluted share in 2Q15. Revenue rose 2.8% to $19.3Bil vs. 2Q15, helped by higher revenues in the Cable Communications segment in the quarter.
Visa ($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.