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Insurance holding company $KMPR said that two key items were dragging Feb. results, elevated catastrophes and continued loss pressure in the Alliance United business. 1Q16 catastrophe losses totaled $39MM, including $2MM from the Life & Health business. Hail damage on March 23 caused $27MM in catastrophe losses.
Visa ($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.