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Victoria's Secret and Bath & Body Works stores owner $LB reported a jump in 2Q16 earnings on lower costs and expenses as well as other income. Net income grew to $252.42MM or $0.87 per share from $202.48MM or $0.68 per share last year. Adjusted EPS increased 3% to $0.70. Net sales rose to $2.89Bil from $2.77Bil. Comparable sales grew 3%.
Visa ($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.