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Energy holding company $SCG reported a rise in 2Q16 earnings driven by electric margins and customer growth as well as adoption of new depreciation rates for electric and common utility property. Net income rose to $105MM or $0.74 per share from $99MM or $0.69 per share last year. Operating revenue fell to $905MM from $967MM.
Visa ($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.