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$OI 2Q15 Call: Europe's profitability relates to an energy rebate received in 2Q14. We will receive credit of approx. $8MM this year, but not until 3Q15. Europe’s volume was fairly stable, but bottom line results in constant currency were dampened by roughly equal parts of industry price pressure, production downtime & timing of energy credit.
Visa ($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.