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Engineering services company $CDNS posted higher 1Q16 net income of $51MM or $0.17 per diluted share vs. $36MM or $0.12 per diluted share in 1Q15 due to higher provision for income taxes. Revenue rose 8.8% to $0.45Bil vs. $0.41Bil in 1Q15, helped by increases in product & maintenance and services revenues.
Visa ($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.