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$XOM's chemical earnings for 2Q16 declined by $29MM to $1.2Bil from 2Q15. Margins increased earnings by $150MM. Volume and mix effects increased earnings by $70MM. All other items decreased earnings by $250MM, due to the absence of asset management gains in the U.S. partly offset by lower expenses.
Visa ($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.