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Luxury fashion company $KORS reported a strong profit in 4Q16 of 10.5%. The company posted net income of $177MM or $0.98 per diluted share, based on a 28.2% tax rate and 180.4MM weighted average diluted shares outstanding vs. net income of $182.6MM or $0.90 per diluted share in 4Q15. Total revenue rose 10.9% to $1.2Bil during the quarter.
Visa ($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.