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Software and services provider $NTAP posted a net income in 1Q17, helped by lower expenses. $NTAP said the company posted a net income of $64MM or $0.23 per share compared to a net loss of $30MM or $0.10 per diluted share a year ago. Net revenues fell 3.07% to $1.29Bil for the quarter. Excluding items, $NTAP earned $0.46 per share.
Visa ($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.
It is official, with $T buying $TWX, it looks like distributors want to own the content production too. Expect some good competition between Netflix ($NFLX), AT&T, Comcast ($CMCSA) and others. However, will this be good for the consumers will not be decided soon.