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Global apparel company $OXM posted 1Q16 net income of $20.18MM or $1.21 per diluted share vs. $17.26MM or $1.04 per diluted share in 1Q15. Adjusted EPS from continuing operations was $1.26 for the quarter. Consolidated net sales fell 1.6% to $256.2MM vs. $260.4MM in 1Q15, hurt by lower net sales from Tommy Bahama and Lanier Apparel.
Waiting with fingers crossed for $AAPL’s fourth quarter earnings.
Looking ahead to $AAPL earnings release later in the afternoon today? Gene Munster, analyst from Piper Jaffrey and the most respected authority for Apple, had this to say - "The second and slightly larger group of investors believe the tail of the iPhone 7 is irrelevant, and is betting that the iPhone 10th Anniversary will yield a jump in growth from flat to up ~15%."
Visa ($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.